IBL News | New York
Researchers from the University of Chicago presented experimental evidence in a paper that ChatGPT excels at investing tasks, including predicting corporate investment policies, processing dense corporate disclosures, and detecting corporate risk.
Beyond investing, experts predict that ChatGPT will disrupt many high-skilled occupations, including journalism, IT support, human resources, and marketing.
In collaboration with Statistics Denmark, the authors surveyed over 100,000 workers from 11 occupations exposed to ChatGPT between November 2023 and January 2024.
Half of workers have used ChatGPT, with adoption rates ranging from 79% for software developers to 34% for financial advisors.
Workers differ in their intensity of ChatGPT usage, with 32% currently using it and 6% having a Plus subscription.
The survey saw substantial productivity potential in ChatGPT, estimating that it can halve working times in a third of their job tasks.
Researchers also discovered a staggering gender gap in ChatGPT adoption: Women are 20 percentage points less likely to use ChatGPT than men in the same occupation.
