GPT and other AI models can't analyze an SEC filing, researchers find
Publishing timestamp: 2023-12-19 10:49:32
Summary
The article discusses how large language models, like the one used in ChatGPT, struggle to answer questions derived from Securities and Exchange Commission (SEC) filings. Researchers from Patronus AI found that even the best-performing AI model, OpenAI's GPT-4-Turbo, only got 79% of answers right when tested on SEC filings. The article highlights the challenges faced by AI models in regulated industries like finance and emphasizes the need for higher accuracy in automated AI systems. The ability to extract important information from SEC filings quickly and accurately is seen as a promising application for AI in the financial industry. However, the article notes that incorporating large language models into actual products is challenging due to their non-deterministic nature and the need for rigorous testing. Patronus AI aims to automate the testing of language models to ensure reliable and accurate results.
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