The haves and the ‘have bots’: can AI give vol forecasters an edge?
Firms look to machine learning and natural language processing to gain advantage over peers
Nearly three months after its launch, ChatGPT is still generating a flurry of headlines. The artificial intelligence chatbot – whose answers to complex questions are almost indistinguishable from those offered by humans – is prompting a range of professionals to wonder, rightly or wrongly, if the underlying technology will make some of their work redundant. And among those who might be considering what ChatGPT can do for them are quants – particularly in the area of volatility forecasting.
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