The Application of Generative Artificial Intelligence in Virtual Financial Advisor and Capital Market Analysis

Authors

  • Wei Jiang Xidian University
  • Tianyi Yang University of Connecticut
  • Ang Li University College Dublin
  • Yiyu Lin Santa Clara University
  • Xinzhu Bai Tianjin University of Finance and Economics

DOI:

https://doi.org/10.5281/zenodo.11112424

References:

26

Keywords:

Generative Artificial Intelligence, Financial Decisions, Artificial Intelligence, Financial Market

Abstract

This paper explores the application of Generating Artificial Intelligence (GAI) to virtual financial advisory and capital market analysis. This paper first introduces the basic principle of GAI and its importance in financial decision-making, and then analyzes the problems and limitations of traditional financial advisory model through literature review and actual data. Then, it discusses the development trend and advantages of intelligent financial advisor, and the difference compared with traditional financial advisor model. Then, it describes the application of generative AI in the financial field, including intelligent investment advisory, risk assessment, investment decision-making and so on. Finally, the realization path of building intelligent financial decision based on generative AI is proposed, including data collection and collation, building large model of enterprise real data, building interactive data analysis and decision system based on natural language, personalized financial analysis and decision support, etc. Through these measures, we can better achieve intelligent, personalized and efficient financial decision support, and provide more intelligent and efficient support for financial decision making.

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Author Biographies

Wei Jiang, Xidian University

Computer Science, Xidian University, Xian, China.

Tianyi Yang, University of Connecticut

Financial Risk Management, University of Connecticut, Stamford CT, USA.

Ang Li, University College Dublin

Business Analytics, University College Dublin, Dublin, Ireland.

Yiyu Lin, Santa Clara University

Computer Science and Engineering, Santa Clara University, CA, USA.

Xinzhu Bai, Tianjin University of Finance and Economics

Tourism Management , Tianjin University of Finance and Economics, Tianjin, China.

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Published

2024-05-15

How to Cite

Jiang, W., Yang, T., Li, A., Lin, Y., & Bai, X. (2024). The Application of Generative Artificial Intelligence in Virtual Financial Advisor and Capital Market Analysis. Academic Journal of Sociology and Management, 2(3), 40–46. https://doi.org/10.5281/zenodo.11112424

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Section

Articles