Financial Statements Analysis with ChatGPT

In this comprehensive introductory guide, financial analysts and enthusiasts will discover the potential of using ChatGPT, the cutting-edge AI language model developed by OpenAI, for financial analysis. Starting with the free version of ChatGPT, readers will learn how to leverage this powerful tool to analyze the Income Statements of one of the world's most iconic companies: Apple.

The book provides step-by-step instructions on preparing the financial data, formulating effective prompts, and evaluating the performance of ChatGPT in generating insightful analyses. Through a practical example, readers will gain an understanding of forecasting with ChatGPT.

Furthermore, the book goes beyond the free version of ChatGPT by exploring the implementation of the OpenAI API through Python. Readers will learn how to access the full potential of ChatGPT, harnessing its capabilities to create a more tailored and sophisticated financial analysis tool. With the help of Python and Streamlit, a robust framework for building interactive web applications, readers will build a simple yet effective tool for analyzing financial statements in a user-friendly interface.

Whether you are a seasoned financial analyst looking to explore integrating AI into your workflow or an aspiring junior data scientist interested in the applications of natural language processing in finance, this book will get you started on the path to unlocking the potential of ChatGPT for financial analysis. Dive into AI-powered finance and unleash the power of data-driven insights with ChatGPT.