An engineer uses one of the greatest artificial intelligence tools to extract financial documents from a Elon Musk led Companies with the investment style of Warren Buffett.
What sounds like the future is reality and an example of how far AI technology has come in 2023.
What happened: ChatGPT has taken the world by storm since its release in late 2022. Already an investor in ChatGPT, microsoft corp MSFT invested an additional $10 billion in the parent company OpenAI. The move was done to help Microsoft integrate ChatGPT with theirs Bing search engine.
Along with Microsoft, many companies are looking at ways to leverage ChatGPT for new ideas, new systems, and other ways to improve overall operations.
Individuals are also recently exploring ChatGPT’s use cases with an engineer split his idea of using artificial intelligence to scan company documents.
in a video, Mayo Oschin shares how they used ChatGPT to analyze financial documents. Oshin, an artificial intelligence engineer from the UK, codenamed the ChatGPT project Warren Buffett.
The project is named after the legendary investor because he was taught to scan financial documents in the same style as Buffett.
“A trend among companies is to integrate the concept of retrieval into their AI systems,” said Oshin decrypt.
Oshin said retrieval is critical for businesses because it allows them to “chat with data.”
The engineer said there is a demand for artificial intelligence applied to documents and data.
“There have been many complaints about how long it takes to read annual reports. For example, investors in Tesla may want to understand current risk factors or management’s performance, but annual reports can be hundreds of pages long.”
In the video, Oshin analyzes Tesla Inc.’s financial documents TSLA.
“I created a GPT-4 “Warren Buffett” financial analyst to “chat” with and analyze several PDF files (around 1,000 pages) about @elonmusk’s Tesla 10-k Annual…
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