GenAI in Finance:

• StockGPT is an autoregressive model trained on a vast dataset covering nearly 100 years of US stock returns.
• It identifies hidden patterns beneficial for future returns using its advanced attention mechanism.

Performance Metrics:

• The model achieved an annual return of 119% and a Sharpe ratio of 6.5 on a test sample, demonstrating its effectiveness over traditional financial strategies.
• It captures essential stock market factors, streamlining the investment strategy process.

Opinion:

• The application of generative AI in finance, highlighted by StockGPT, showcases how AI can transcend traditional methods to offer superior decision-making tools.
• The potential to refine investment strategies and mitigate risks through AI is enormous, pushing the boundaries jTable of Economics and AI-forward investing that might transform financial markets.