I was initially a large language models (LLM) skeptic despite having worked with AI both in graduate school and in a professional capacity. The LLM models would fabricate information (hallucinations as the industry called them) and often did not have the most current information because they had been trained months or years ago.
Current data is the lifeblood of investors and the experience wasn’t the best.
My experience and opinion have changed over time and I was able to complete a project related to failed mergers & acquisitions in three hours instead of the three days it would have otherwise taken without the help of the three LLM models I was using.
Why three instead of one? I used Perplexity, ChatGPT and Gemini simultaneously, both to see if one of them missed a key piece of information and also to check if one or more were hallucinating.
A few months ago, when we added an “AI Chat” tab on our quotes pages like this one, we proclaimed (in jest) that InsideArbitrage is now an AI company. We wrote the following about that new feature:
When I am exploring a new company that I don’t know much about, I want to read the description of the company and better yet get a simple “elevator pitch” that in a few seconds tells me about the company, the management team and if the company is growing organically or through acquisitions.
Towards this end, we are introducing a new tabbed version of our stock quotes page that includes an “AI Chat” feature that lets you ask your own questions to several advanced AI models. An “elevator pitch” automatically loads when you open that tab as you can see for Southwest Airlines (LUV) below.
You can then ask questions about the company or anything else to one of three AI models including ChatGPT 4o, Claude 3.5 Sonnet and Gemini 1.5 Flash. We picked these three models after our own testing as well as reviewing third party benchmark results. As new large language models (LLM) models are released, we will upgrade the models in our AI Chat.
We continued testing various AI models and when we decided to upgrade all three of the existing models on InsideArbitrage, we also decided to add a fourth one called Perplexity Sonar. The results from this new model were so good that we made it the default model in our AI Chat feature.
Don’t take my word for it and check out the following results related to two potential merger situations I asked the model about:
The response also includes references to the sources it used to answer the question. For the next example related to the hostile bid for Beacon Roofing Supply (BECN), it picked data directly from QXO’s website and other websites.
Please feel free to play with the AI Chat feature and let us know if you find it useful or would like to see something different.
Free subscribers of InsideArbitrage can access five elevator pitches and ask five questions per month. InsideArbitrage Plus and Premium members have unlimited access to both elevator pitches and questions. You also have the ability to run all four models simultaneously to see how they respond to the same question.
Plus and Premium subscribers also get access to our Events tab with a history of management changes at the company, spinoffs (announced and completed), M&A activity and more.
Happy experimenting!