AI Financial Analysis Tool

What is askstockgpt.com?

Askstockgpt.com is a website designed to facilitate natural language-based inquiries regarding stock-related information. Users can ask questions such as ""What is the current price of Tesla?"" or ""How did Apple perform in the last quarter?"" and receive responses generated by an AI system trained on an extensive dataset of earnings call transcripts. The website was conceived and developed by Alec Corum, a data scientist and investor with a keen interest in leveraging ChatGPT, a robust conversational AI model, for financial data analysis purposes. It's worth noting that Askstockgpt.com is currently in the development phase, and as such, it may not consistently offer entirely accurate or comprehensive responses. Nevertheless, it serves as an engaging and innovative platform for exploring the realm of stocks.

How does askstockgpt.com work?

Askstockgpt.com is a web platform designed to enable natural language-based stock-related queries. Users can pose questions such as ""What is the current price of Tesla?"" or ""How did Apple perform in the last quarter?"" and receive responses generated by an AI system trained on an extensive dataset of earnings call transcripts. The brainchild behind this website is Alec Corum, a data scientist and investor with a keen interest in utilizing ChatGPT, a potent conversational AI model, for the analysis of financial data.

It's essential to note that Askstockgpt.com is currently under development and may not consistently provide entirely accurate or comprehensive answers. Nonetheless, it offers a unique and innovative approach to exploring the realm of stocks.

To employ Askstockgpt.com, users are required to input their queries into the text box on the homepage and press enter. Subsequently, the website will display the AI-generated answer, accompanied by supplementary information such as the transcript source, the date of the earnings call, and related news articles. Users have the option to click on provided links for additional information on the subject matter.

For example, if the user inquires about ""Tesla's revenue for Q3 2023,"" the response may be:

Tesla’s revenue for Q3 2023 was $11.8 billion, reflecting a 28% year-over-year increase. This growth was attributed to robust demand for its electric vehicles, solar panels, and battery products across all regions. Tesla delivered 201,250 vehicles in Q3 2023, marking a 50% increase from Q2 2023 and a 120% increase from Q3 2022.

Furthermore, users can pose follow-up questions or refine their queries by adding more words or phrases to the text box. For instance, questions like ""How did Tesla compare to its competitors?"" or ""Tesla's stock price today"" can be accommodated. The website endeavors to discern user intent and furnish pertinent responses.

Askstockgpt.com operates by leveraging ChatGPT, a substantial language model capable of understanding and generating natural language. ChatGPT has been trained on an extensive corpus comprising billions of words from diverse sources, including books, websites, social media posts, and news articles. It possesses the ability to produce coherent and fluent text based on provided context or prompts. Additionally, it can respond to queries within specific domains, such as finance or sports.

Nonetheless, it is crucial to acknowledge that ChatGPT is not infallible and may occasionally provide erroneous or inaccurate answers. Its limitations stem from not having access to the entirety of world knowledge, reliance on potentially outdated or incorrect data sources, and a lack of common sense or ethical judgment. Therefore, users are advised to verify answers from other sources before making decisions based on them.

This overview should offer insights into the functionality of askstockgpt.com. If you have any feedback or suggestions for enhancing the platform, your input is welcomed. Your insights are valuable and contribute to the refinement of this innovative tool.

How much does askstockgpt.com cost?

Askstockgpt.com is a freely accessible website designed to facilitate natural language-based stock information searches. Its creator, Alec Corum, has expressed a commitment to keeping the website operational until the ongoing operational costs become prohibitively high. While the precise cost of maintaining the website remains undisclosed, it is known to involve the acquisition of transcripts and the training of the model on all 500 companies listed in the S&P index. Corum has also expressed a search for potential sponsors or partners who could assist in covering these expenses.

For those interested in utilizing askstockgpt.com, there are additional avenues for engagement. Users can join the platform's Discord server to interact with fellow users and developers, fostering a sense of community and support. Furthermore, the website offers updates and news through its Twitter and Facebook profiles, with links conveniently provided on the homepage for easy access to these channels of information dissemination.

What are the benefits of askstockgpt.com?

Askstockgpt.com offers several notable advantages:

• User-Friendly and Free: This platform is accessible at no cost and boasts a user-friendly interface. To obtain information, users simply need to input their questions into the provided text box and press enter. The website promptly furnishes responses from its AI system, complete with supplementary details such as the source of the transcript, the earnings call date, and links to related news articles.
• Swift and Precise: Askstockgpt.com prides itself on its speed and precision. It harnesses ChatGPT, a robust language model proficient in comprehending and generating natural language. ChatGPT's training encompasses an extensive corpus of billions of words, spanning various sources such as books, websites, social media posts, and news articles. This comprehensive training equips it to produce coherent and accurate text based on the context or prompts provided. ChatGPT also possesses domain-specific knowledge, making it adept at answering questions in fields like finance or sports.
• Innovative and Enjoyable: Beyond its practicality, askstockgpt.com offers a unique and enjoyable approach to exploring the stock market. It empowers users to pose questions that may be challenging to answer through conventional means. Moreover, it fosters a sense of community and engagement by facilitating interaction with other users and developers on its Discord server. Additionally, users can stay informed and updated by following the platform on social media channels like Twitter and Facebook.

In summary, askstockgpt.com's combination of user-friendliness, speed, accuracy, and innovative features makes it a valuable tool for those interested in exploring and obtaining information about stocks.

What are some limitations of askstockgpt.com?

Askstockgpt.com, while offering notable advantages, also comes with certain limitations:

• Experimental Stage and Accuracy: The platform is still in an experimental phase, which means it may not consistently provide entirely accurate or complete answers. Beyond its established context, it responds with ""I don't know,"" which suggests its limitations in handling queries outside of its defined scope. Additionally, the website acknowledges past mistakes made by the AI tool, further underscoring its potential for inaccuracies.
• Dependency on ChatGPT: Askstockgpt.com relies on ChatGPT, a substantial language model with the capability to understand and generate natural language. However, ChatGPT is not infallible and may occasionally produce errors or incorrect responses. These inaccuracies may arise due to the model's lack of access to the entirety of global information, potential reliance on outdated or erroneous data sources, and its absence of common sense or ethical judgment. It is important to note that ChatGPT may generate texts that are offensive or misleading in certain instances.
• Legal and Ethical Considerations: There are legal and ethical considerations associated with using ChatGPT to analyze financial data. The adoption of ChatGPT and large language models represents a significant advancement in AI and machine learning technology, potentially bringing us closer to achieving artificial general intelligence. However, the deployment of these models in financial contexts may entail substantial risks and necessitate the establishment of new model risk governance standards by firms to mitigate these risks effectively.

In summary, while askstockgpt.com offers valuable capabilities, it is essential for users to be aware of its experimental nature, potential accuracy limitations, reliance on ChatGPT, and the legal and ethical considerations associated with its usage in financial analysis.