Experts urge caution about using ChatGPT to pick stocks

The article discusses the potential risks of using ChatGPT, an artificial intelligence chatbot, to select stocks for investment portfolios. Experts caution that while AI-selected portfolios may perform well in a growing market, they could also be vulnerable to downturns. The article highlights the concern that ChatGPT and similar AI systems may not have the depth of understanding necessary to make informed investment decisions, particularly during market volatility. These systems are trained on historical data, which may not accurately reflect future market conditions. Experts advise that while AI-powered investment tools can be useful, they should be used with caution and in conjunction with human expertise. Investors are encouraged to thoroughly understand the limitations and potential biases of AI systems before relying on them for stock selection. The article emphasizes the importance of diversification, risk management, and the need for human oversight in investment decisions, even when using AI-powered tools.