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ChatGPT: Unlocking the future of NLP in finance

Adam Zaremba, Ender Demir

2023Modern Finance59 citationsDOIOpen Access PDF

Abstract

This paper reviews the current state of ChatGPT technology in finance and its potential to improve existing NLP-based financial applications. We discuss the ethical and regulatory considerations, as well as potential future research directions in the field. The literature suggests that ChatGPT has the potential to improve NLP-based financial applications, but also raises ethical and regulatory concerns that need to be addressed. The paper highlights the need for research in robustness, interpretability, and ethical considerations to ensure responsible use of ChatGPT technology in finance.

Topics & Concepts

InterpretabilityRobustness (evolution)Ethical issuesComputer scienceArtificial intelligenceFinanceData scienceEngineering ethicsBusinessEngineeringBiochemistryChemistryGeneExplainable Artificial Intelligence (XAI)Stock Market Forecasting MethodsMachine Learning in Healthcare
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