Generative AI in Stock Market Prediction: A Study on Adoption and Perception Among Experts and Young Investors

Generative AI in Stock Market Prediction: A Study on Adoption and Perception Among Experts and Young Investors

Mr. Gunjan Pandey, Mr. Diwan Rai, Mr. Ravinderjit Singh

Introduction

[27] Human beings are endowed with a natural curiosity and creativity, which motivate them to learn new things from their interactions with the world. Human learning has involved exploration and experimentation, which have allowed humans to discover new facts and principles, and to invent new artifacts and systems. Human learning has also affected human evolution, both genetically and culturally, as humans have adjusted to different situations and demands in their environments.

However, in the current world, human learning is largely facilitated by artificial intelligence (AI) tools, which are programs that can perform tasks that usually require human intelligence, such as comprehension, reasoning, problem-solving, and communication. AI tools can support humans in their learning endeavors, by giving them access to enormous amounts of information, and by delivering them customized and interactive assistance and feedback. AI tools can also amplify human creativity and innovation, by generating novel and diverse content, such as code, poems, essays, songs, and more.

But what are the effects of this dependence on AI tools for human learning and evolution? Does it boost or diminish human curiosity and creativity? Does it enable or limit human autonomy and agency? Does it foster or hamper human diversity and collaboration? These are some of the questions that this topic will explore, by evaluating the pros and cons of using AI tools for human learning, and the ethical and social issues that arise from this phenomenon.

[28] Today when we look around us we observe the advancement in technology has brought a lot of comfort to our lives in terms of traveling, education, or enjoying content virtually.

[29] Talking about our basic requirements, technology has become so friendly that we can learn everything through E-Learning. Everyone only wondered about having an AI which will help in making our lives easy.

The latest concept in terms of AI which is widely received and accepted by the people everywhere around the Globe is the Open AI that is Chat Gpt, Gemini, Copilot.

All of these AI helps us in decision making or cutting our chase short for finding solutions for either lengthy solutions like writing a summary related to something or Questions which are easy to solve but difficult to look for solutions. About a quarter (27%) of Americans say they interact with artificial intelligence almost constantly or several times a day. Artificial intelligence (AI) is used in a variety of ways, including online product recommendations, facial recognition software and chatbots. One in six (17%) adults reported that they can often or always recognise when they are using AI, one in two (50%) adults reported that they can some of the time or occasionally recognise when they are using AI, one in three (33%) adults reported that they can hardly ever or never recognise when they are using AI. [26]

In this project we are testing the dependence upon the recently emerged Open AI tools such as ChatGPT, Google Bard, Bing. Our motive is to find out whether people are using these powerful tools to help in their academics or other tasks only or do they take advice from these tools in their financial planning as well.