Portfolio Pilot is a new artificial intelligence-powered plugin that uses OpenAI chatbot ChatGPT to manage users' portfolios and promises to 'improve investing for millions.'
Users can copy and paste their portfolios into the tool for analysis, receive investment recommendations, search for market information and ask the bot questions – all for free.
"We are on an ambitious mission to build a complete map of how the economy works," Harmsen said in a statement. "This will dramatically improve investing for millions, decrease risk in decision making, and remove huge inefficiencies in the financial sector."According to new data, Americans have wasted no time trying out ChatGPT for stock recommendations since the AI-powered chatbot became available to the public in November.
OpenAI's ChatGPT reached one million users in just five days of its release, and had 1.6 billion users in March alone. The Motley Fool released a study this week that found 47% of U.S. adults have already used the tool for stock picks, and 69% said they are open to the idea of doing so.
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