The Predictive Edge

CHAPTER 10How AI Is Shaping Our Economic Future

Throughout this book, we have explored artificial intelligence and finance's fascinating and rapidly evolving intersection. We began our journey by exploring the fundamentals of artificial intelligence, mainly focusing on large language models like ChatGPT. Our exploration took us through machine learning and AI, highlighting how these technologies have revolutionized how we approach complex problems, including financial forecasting.

We learned the methodologies of stock market predictions, contrasting traditional approaches with the groundbreaking potential offered by AI and machine learning. Then, we shifted our focus to an in‐depth analysis of ChatGPT, examining its capabilities, the power of its prompts, and its practical applications in the business world. We also discussed ethical considerations surrounding using such technology in sensitive areas like finance.

In subsequent chapters, we followed a detailed study on ChatGPT's potential to forecast stock price movements and a practical guide on designing and implementing AI‐driven trading strategies. We also explored other specific applications in risk management and speculated about how the future models will reshape the landscape. In this journey, we acquired insights into the capabilities of current AI models and their practical applications in real‐world financial decision‐making.

In this book's conclusion, we will begin by summarizing our learning journey, emphasizing ...