ChatGPT: alternative data use cases and implications
OpenAI’s ChatGPT has gained global attention for its human-like abilities, fuelling heated competition among AI bot developers. Its underlying model, GPT-3.5/GPT-4, has been lauded for its ability to easily analyse and summarise unstructured data such as sentiment and patterns. In this report, we look at the technology’s alternative data use cases, how some vendors are incorporating it into their offerings, and potential limitations and implications.
WHAT IS CHATGPT?
A generative pre-trained transformer (GPT) is a type of large neural network language model (LLM) developed by artificial intelligence research company OpenAI.