Day Trading with ChatGPT: Test the Power of AI for Stock Market Predictions by Saskia Adler

Chapter 1: Power of AI in Stock Market Predictions

A Layman's Introduction to AI
In the modern, rapidly evolving world we live in, Artificial
Intelligence (AI) has brought about a transformative shift across
numerous industries and domains, spanning from healthcare,
entertainment, and education to the financial sector. One particular
area where AI has made a substantial mark is in the field of stock
market forecasting. To appreciate the potential benefits of AI in
facilitating well-informed decision-making for day traders, it is crucial
to first gain a fundamental understanding of AI and its various
applications.
Artificial Intelligence is a subfield of computer science that aims to
create machines and systems capable of performing tasks that would
typically require human intelligence. These tasks encompass problem-

solving, learning, perception, language understanding, and decision-

making, among others. Machine learning, a subset of AI, involves the
development of algorithms and models that allow computers to learn
from and interpret data without explicit programming. This ability to
learn and adapt makes AI a powerful tool for a wide range of
applications.
In the context of the stock market, AI has demonstrated remarkable
potential in helping investors and traders navigate the complexities of

Day Trading with ChatGPT: Test the Power of AI for Stock Market Predictions by Saskia Adler