May 7, 2024 (NO COMMENTS)

Quants are firing up large language models to cut through corporate blather

Corporate chiefs are talking as optimistically as at any time in a decade, but not because they’ve unanimously adopted a rosy outlook. Rather, executives these days are ever mindful that machines are listening to what they say. It’s a game that has played out for years between investors using quant models to dissect what’s said on earnings calls, and bosses changing their language in response. For a while the bosses seemed to have gained the upper hand. Investors, though, see new potential in