Home topics news Credit: Mojahid Mottakin News News Bard vs Top Funds: Is AI the ultimate game changer in investing? Yajush Gupta September 13, 2023 Recent research conducted by Finder, one of Australia’s premier comparison platforms, has cast a spotlight on the potential role of artificial intelligence (AI) in stock selection. This exploration saw AI-designed portfolios, specifically those crafted by ChatGPT and Bard, going head-to-head against the performance of Australia’s most esteemed investment funds over a rigorous three-month assessment period. Intriguingly, Bard emerged as the undisputed champion, surpassing both ChatGPT and the esteemed top 10 managed funds listed in Australia. Bard’s portfolio, comprised of 19 stocks, showcased an impressive average gain of 8.2% during the period spanning from May to August 2023. In contrast, the top 10 listed managed funds reported a less remarkable average increase of 6.3%, while ChatGPT’s portfolio, encompassing 23 stocks from various global regions, displayed a more modest average rise of 4.21%. The research tasked ChatGPT and Bard with the challenge of creating stock portfolios that closely adhered to the principal investment strategies employed by Australia’s top 10 managed funds.* ChatGPT, exhibiting its versatility, curated a diversified portfolio featuring 23 stocks, predominantly sourced from the United States but also incorporating stocks from Australia, the UK, and parts of Asia. In contrast, Bard’s portfolio comprised 19 stocks, with a substantial emphasis on the technology sector, primarily derived from the US. To gauge performance, the benchmark used encompassed the ten most popular actively managed listed funds on the