ChatGPT can apparently read between the lines of crucial — and sometimes challenging-to-parse — communications from central bankers.
by two Fed staffers who ran several tests to determine whether the artificial intelligence tool could accurately decipher hawkish signals from dovish ones. According to their findings, the answer is yes.Richmond Fed researchers Anne Lundgaard Hansen and Sophia Kazinnik randomly selected hundreds of sentences from Fed policy statements published between 2010 and 2020.
Each sentence was assigned a label — like "hawkish" or "mostly dovish" or "neutral." The team then evaluated how the chatbot's classifications compared to those human classifications.Hansen and Kazinnik found that GPT models "demonstrate a strong performance in classifying Fedspeak sentences.
"Thus, while GPT models may not be able to fully replace human evaluators, they can serve as a highly valuable tool for assisting researchers and analysts in this domain."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
New York Fed Factory Index Soars on Surge of New OrdersFactory activity in New York unexpectedly surged in April, a survey from the Federal Reserve Bank of New York showed Monday.
Weiterlesen »
EU lawmakers call for a new set of rules for A.I. tools like ChatGPTThe letter comes after prominent AI experts called on Europe to make its AI rules more expansive, arguing that excluding general purpose AI would miss the mark.
Weiterlesen »
WSJ News Exclusive | ChatGPT and Advanced AI Face New Regulatory Push in EuropeThe breakneck pace of AI development in recent months requires rules tailored to powerful, general-purpose AI tools, a group of EU lawmakers said.
Weiterlesen »
Fed court tosses Berkeley ban on natural gas in new constructionA federal appeals court on Monday overturned Berkeley's first-in-the-nation ban on natural gas in new construction.
Weiterlesen »
The dark side of ChatGPT: things it can do, but it shouldn't | Digital TrendsOpenAI's ChatGPT is a powerful tool, but unfortunately, that power can easily be used for all the wrong reasons.
Weiterlesen »
ChatGPT's AI to power Chegg study buddy as educators wrestle with techThe artificial intelligence behind ChatGPT, the homework-drafting chatbot that some schools have banned, is coming to more students via the company Chegg Inc .
Weiterlesen »