It is reported that a private equity company will use AI to independently manage funds, and the response said that it has been affirmed by investors.

On June 5, according to The Paper, the private equity fund "Zhi Yu Zhi Shan Investment" recently announced that it will deploy four researchers from the company and a robot based on AI technology. Independently managing five different private equity funds, the robot was named "Cybertron."

▲ Picture source: Zhiyu Zhishan Investment

It is reported that the fund managed by "Cybotron" is Zhishan No. 1, which is also The first AI fund manager in the domestic market. The private equity firm has fully communicated with all investors in the above funds and received positive feedback.

IT House noticed that the University of Florida School of Finance pointed out in a paper that using the GPT-4 model to assist investment is expected to achieve a 500% return on investment.

Autopilot trading platform has announced the use of ChatGPT to aid investing. As of the end of May, 25,000 investors had invested a total of approximately $10 million in the portfolio selected by ChatGPT. Although the average performance of the stock portfolio selected by ChatGPT increased by about 2%, it still failed to exceed the gains of the broader market. The bottom five stocks in this portfolio fell more than the top five stocks rose, based on percentage change in share price.

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