City Research Online

Abstract

We present FinSentGPT, a financial sentiment prediction model based on a fine-tuned version of the artificial intelligence language model, ChatGPT. To assess the model’s effectiveness, we analyze a sample of US media news and a multi-language dataset of European Central Bank Monetary Policy Decisions. Our findings demonstrate that FinSentGPT’s sentiment classification ability aligns well with a prominent English-language finance sentiment model, surpasses an established alternative machine learning model, and is capable of predicting sentiment across various languages. Consequently, we offer preliminary evidence that advanced large-language AI models can facilitate flexible and contextual financial sentiment determination, transcending language barriers.

Publication Type:	Article
Additional Information:	This is an open access article distributed under the terms of the Creative Commons CC-BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Publisher Keywords:	ChatGPT; large language models; financial sentiment; monetary policy; fine- tuning
Subjects:	H Social Sciences > HG Finance Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Departments:	Bayes Business School Bayes Business School > Actuarial Science & Insurance
SWORD Depositor:	Symplectic Administrator

Export

Downloads