About this video

• Video Title: ChatGPT Just Saved Me! I Was About To Buy A Gold Mining Company. ChatGPT Said "Don't pick that one!;
• Channel: Clive Thompson
• Speakers: Clive Thompson
• Duration: 20:07

Overview

This video demonstrates how to use ChatGPT for investment research, specifically for evaluating a gold mining company. The speaker, Clive Thompson, walks through his process of defining investment criteria, prompting ChatGPT with these criteria, and analyzing the AI's findings to determine if a company like Seabridge Gold Inc. is a suitable investment. The video highlights how ChatGPT can quickly process financial reports and provide insights that might be missed through manual research, ultimately saving time and potentially preventing poor investment decisions.

Key takeaways

• AI-Assisted Investment Research: The video showcases how ChatGPT can be a powerful tool for analyzing financial documents, understanding complex data, and providing quick assessments of investment opportunities.
• Defining Investment Criteria: The speaker emphasizes the importance of establishing clear criteria for investment, such as projected gold production, profit growth, and price-to-earnings ratios, before using AI for research.
• Seabridge Gold Analysis: ChatGPT's analysis revealed that Seabridge Gold Inc. was not currently producing gold and its reported profits were primarily due to accounting adjustments (like foreign exchange gains and revaluation of notes) and interest income, not mining operations, making it unsuitable based on the speaker's criteria.
• Time Savings: The speaker highlights that using ChatGPT significantly reduced the research time for a company from hours to minutes, allowing for faster decision-making and portfolio management.
• Importance of Due Diligence: Despite AI's capabilities, the video implicitly underscores the need for investors to understand the nuances of financial reporting and to critically evaluate AI-generated conclusions, as demonstrated by the speaker's follow-up questions about Seabridge's profit sources.

ChatGPT determined that Seabridge Gold Inc. was not a suitable investment because it was not currently producing any gold and therefore had zero profit from gold sales projected for 2027. This directly contradicted Clive's criteria, which required the company to be producing more gold in 2027 than in 2025 and to have growing profits from 2025 onwards. The AI also found that any reported profits were not from mining operations but from accounting gains and financing-related items.