Harnessing the Power of ChatGPT and AI in Finance
In January 2022, EDHEC Business School has launched a new online monthly speaker series on “The Future of Finance”. The objective is to address the most recent advances in the financial industry and discuss how finance can be a powerful tool for tackling key economic and social challenges. To do so, this series gathers all year long international renowned industry experts and academic scholars reflecting the research culture and intellectual commitment of EDHEC Business School #makeanimpact. The targeted audience is the current EDHEC Business School finance graduate students, the EDHEC alumni, and the members of the enlarged EDHEC community and guests.
On December 12, 2023, EDHEC Business School hosted Alejandro Lopez-Lira, Assistant Professor of Finance at the University of Florida, who delivered a talk on the growing capabilities of chatbots like ChatGPT and other AI systems for financial analysis and decision making.
Professor Lopez-Lira discussed how advanced natural language processing can automatically synthesize and interpret textual data like news, earnings calls, and regulatory filings to generate insights for investment research and trading strategies.
However, these AI systems have limitations in reasoning and grounded judgment that require human oversight. Professor Lopez-Lira explored implications for utilizing ChatGPT and similar technologies in portfolio management, risk modeling, fintech innovations, and new directions for financial AI research.
The talk, which focuses on practical applications rather than technical details, provides an overview of harnessing the power of AI chatbots and language models in finance.
The session was moderated by Dominic O'Kane, Research Director at the EDHEC-Risk Climate Impact Institute and Professor of Finance at EDHEC Business School and Emmanuel Jurczenko, Director of Graduate Finance Programmes at EDHEC Business School.
About EDHEC
Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
