تقرير
The Influence of ChatGPT on Artificial Intelligence Related Crypto Assets: Evidence from a Synthetic Control Analysis
| العنوان: | The Influence of ChatGPT on Artificial Intelligence Related Crypto Assets: Evidence from a Synthetic Control Analysis |
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| المؤلفون: | Saggu, Aman, Ante, Lennart |
| المصدر: | Finance Research Letters, 103993 (2023) |
| سنة النشر: | 2023 |
| المجموعة: | Quantitative Finance |
| مصطلحات موضوعية: | Quantitative Finance - General Finance, Quantitative Finance - Pricing of Securities |
| الوصف: | The introduction of OpenAI's large language model, ChatGPT, catalyzed investor attention towards artificial intelligence (AI) technologies, including AI-related crypto assets not directly related to ChatGPT. Utilizing the synthetic difference-in-difference methodology, we identify significant 'ChatGPT effects' with returns of AI-related crypto assets experiencing average returns ranging between 10.7% and 15.6% (35.5% to 41.3%) in the one-month (two-month) period after the ChatGPT launch. Furthermore, Google search volumes, a proxy for attention to AI, emerged as critical pricing indicators for AI-related crypto post-launch. We conclude that investors perceived AI-assets as possessing heightened potential or value after the launch, resulting in higher market valuations. Comment: 26 pages, 4 tables, 1 figure, 2 appendix figures |
| نوع الوثيقة: | Working Paper |
| DOI: | 10.1016/j.frl.2023.103993 |
| URL الوصول: | http://arxiv.org/abs/2305.12739 |
| رقم الأكسشن: | edsarx.2305.12739 |
| قاعدة البيانات: | arXiv |
| DOI: | 10.1016/j.frl.2023.103993 |
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