Chris Pulman used to spend two days preparing previews for central bank meetings. Now, it can take the chief macro economist at Balyasny Asset Management just 30 minutes.
Thanks to the new, souped-up generation of artificial intelligence, chatbots now perform his time-consuming research tasks. Everything from summarizing the views of Wall Street economists and generating charts to extracting the latest pronouncements of monetary officials and more. With Pulman’s input, the AI program then plugs all that market wisdom into a template to present its rate call.
“We found that they are actually considerably more powerful than you would initially think,” the Balyasny economist said, referring to large language models. “But they don’t work right out of the box.”
