Matt Levine’s Money Stuff: Robots Make Good Junior Analysts

AI consultants

One possible way to think about large language models is that they are extremely good at being mediocre at a lot of white-collar jobs. Like, if you need someone to research some question about the market for a product or the accounting treatment of a situation or the taxation of a financial instrument, you can ask ChatGPT and it will quickly, cheaply and tirelessly find you an answer that is not necessarily inspired or brilliant, but that is workmanlike and sensible and straightforward and probably right, though sometimes wrong. If you hired a first-year analyst right out of ...