AI - Taking Stock: The Benefits And Pitfalls Of LLMs And Their Future Applications In Trading

Quick Summary:

This was to make our AI-based chatbot, which interacts with clients of retail brokers, wealth management firms, and other financial institutions, more user-friendly and expand its functionality to include features such as order execution direct from within chats, natural language responsiveness, and multi-channel integration for trading on the go.

Insights from an early adopter in the industry Long before the LLMs (large language models) boom, we were one of the early adopters of AI, having developed an AI-powered chatbot and virtual assistant product for trading platforms, based on several AI technologies.

Indeed, after seven years, we feel enough time has passed to review the interim results when it comes to AI and LLM, looking at: whether the set goals of the LLM adoption have been achieved where LLM's impact has been positive and impactful where LLM appears, to be useless or even harmful possible future applications for LLM in trading.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Technology

Markets: United States

Topics: Fintech Benzinga Tech Contributors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 13:20:14 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 975 words

Reading Time: 6 minutes read

Sentences: 44 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26119211

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 30 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions