In short, ChatGPT is a really fancy chatbot. And while chatbots have been around for years, ChatGPT uses something called generative artificial intelligence that makes its answers sound a lot smarter than your average chatbot (or maybe not, depending on who you ask).
But let's be honest. You don't care about all that. You only care about one thing:
It's not that I think these people are lying. I've just seen this show before.
Every new tech innovation to come to Wall Street has always been pitched as a way to help employees "work smarter not harder," and every time it's eventually led to a company looking for redundant roles as a result of the new tech.
So if your boss pitches you on using ChatGPT to help "streamline your workflow" understand that you could be training your replacement.
2. Meanwhile, one investing firm is already getting ahead of the game when it comes to using ChatGPT. Swedish PE giant EQT has already found value in using ChatGPT to help its dealmakers interface with a massive database the firm has spent nearly a decade building. More on how it's using the tech here.
5. The safest, and riskiest, jobs amid a potential recession. Even though the unemployment rate is the lowest it's been since 1969, people are still on edge about job security. We asked economists the roles that are recession-proof and the ones on the chopping block. Here's the rundown.
6. Is crypto back?! Don't call it a comeback! Crypto-related stocks had a BIG start to the year, with some up over 100%. These are the biggest gainers.
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