Using AI to Analyze Financial Statements: BUT Double-Check Everything

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In this video, we discuss the risks of using AI to analyze financial statements. While tools like Claude.ai (or ChatGPT) can help you extract data from annual reports and create tables, they often “hallucinate”—meaning they confidently make mistakes. Learn how to use AI for financial analysis but also why it’s crucial to double-check the data. We also cover how to use AI to upload 10-K reports and pull key information, but be aware of potential inaccuracies.

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