Research: Executives Who Used Gen AI Made Worse Predictions

Research: Executives Who Used Gen AI Made Worse Predictions

In a recent experiment, nearly 300 executives and managers were shown recent stock prices for the chip-maker Nvidia and then asked to predict the stock’s price in a month’s time. Then, half the group was given the opportunity to ask questions of ChatGPT while the other half were allowed to consult with their peers about Nvidia’s stock. The executives who used ChatGPT became significantly more optimistic, confident, and produced worse forecasts t…