ChatGPT: Unlocking the future of NLP in finance

Adam Zaremba () and Ender Demir

Modern Finance, 2023, vol. 1, issue 1, 93-98

Abstract: This paper reviews the current state of ChatGPT technology in finance and its potential to improve existing NLP-based financial applications. We discuss the ethical and regulatory considerations, as well as potential future research directions in the field. The literature suggests that ChatGPT has the potential to improve NLP-based financial applications, but also raises ethical and regulatory concerns that need to be addressed. The paper highlights the need for research in robustness, interpretability, and ethical considerations to ensure responsible use of ChatGPT technology in finance.

Keywords: Natural Language Processing (NLP); ChatGPT; GPT (Generative Pre-training Transformer); finance; financial applications; ethical considerations; regulatory considerations; future research directions (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bdy:modfin:v:1:y:2023:i:1:p:93-98:id:43

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