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Douyin's Safety Center recently announced a crackdown on stock investment content on its platform, aiming to foster a healthy online environment. While encouraging financial and securities professionals to share reliable information, Douyin is targeting accounts using AI tools to spread misinformation and even engage in fraudulent activities without proper qualifications. These accounts often promote supposedly high-efficiency AI stock picking tools to attract users.

Recent research shows that exchange-traded funds (ETFs) that heavily rely on artificial intelligence (AI) systems for investment decisions have performed poorly, with most failing to outperform the S&P 500 Index. Among the 43 funds partially relying on AI, only 10 outperformed the index. In the case of 11 funds that completely rely on AI without human intervention, all underperformed the S&P 500 since October 2017, with six funds even recording losses despite an overall bullish market, averaging an annual loss of 1.8%. The research indicates that AI...

ChatGPT, when combined with traditional quantitative investment methods, has demonstrated impressive stock picking abilities. By analyzing historical information comprehensively, ChatGPT can optimize stock portfolios to achieve a balance between returns and risks. By leveraging ChatGPT's stock picking capabilities along with the advantages of quantitative models, better investment outcomes can be achieved.