"Generative AI Support Influential in Investor Trading, Shows Drop in Trading Volume During ChatGPT Outages

"Generative AI Support Influential in Investor Trading, Shows Drop in Trading Volume During ChatGPT Outages - Study"

Does Generative AI Facilitate Investor Trading? Evidence from ChatGPT Outages

50 Pages Posted: 1 Jul 2024 Qiang ChengSingapore Management University - School of AccountancyPengkai LinSingapore Management University - School of AccountancyYue ZhaoSingapore Management University - School of Accountancy Date Written: June 21, 2024 Abstract In this paper, we use ChatGPT outages to investigate whether investors rely on generative artificial intelligence (GAI) to perform trading-related tasks and the associated impact on stock price informativeness. We first document a signific...