"Bridgewater's A.I. Bull Warns of Hopeless Path for Chatbot Stock Picks"

Greg Jensen, co-chief information officer at Bridgewater Associates, the world's largest hedge fund, warns against using large language models (LLMs) like ChatGPT to pick stocks, calling it a "hopeless path" and "awful" at pinpointing major turning points in the macroeconomic environment. However, he believes there is a place for A.I. in wealth management and Bridgewater is utilizing machine learning in a more complex approach, combining large language models with statistical models to create an artificial reasoner. Jensen acknowledges that A.I. will change the roles of investment associates and emphasizes the importance of being curious about new technologies in the future of work.