The influence of ChatGPT on artificial intelligence related crypto assets: Evidence from a synthetic control analysis
| dc.contributor.author | Saggu A. | |
| dc.contributor.author | Ante L. | |
| dc.contributor.other | Mahidol University | |
| dc.date.accessioned | 2023-06-02T17:08:32Z | |
| dc.date.available | 2023-06-02T17:08:32Z | |
| dc.date.issued | 2023-01-01 | |
| dc.description.abstract | The introduction of OpenAI's large language model, ChatGPT, catalyzed investor attention towards artificial intelligence (AI) technologies, including AI-related crypto assets not directly related to ChatGPT. Utilizing the synthetic difference-in-difference methodology, we identify significant "ChatGPT effects,” with AI-related crypto assets experiencing average returns ranging between 10.7% and 15.6% (35.5% to 41.3%) in the one-month (two-month) period after the ChatGPT launch. Furthermore, Google search volumes, a proxy for attention to AI, emerged as critical pricing indicators for AI-related crypto assets post-launch. We conclude that investors perceived AI-related crypto assets as possessing heightened potential or value after the launch, resulting in higher market valuations. | |
| dc.identifier.citation | Finance Research Letters (2023) | |
| dc.identifier.doi | 10.1016/j.frl.2023.103993 | |
| dc.identifier.issn | 15446123 | |
| dc.identifier.scopus | 2-s2.0-85160092430 | |
| dc.identifier.uri | https://repository.li.mahidol.ac.th/handle/20.500.14594/82906 | |
| dc.rights.holder | SCOPUS | |
| dc.subject | Economics, Econometrics and Finance | |
| dc.title | The influence of ChatGPT on artificial intelligence related crypto assets: Evidence from a synthetic control analysis | |
| dc.type | Article | |
| mu.datasource.scopus | https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85160092430&origin=inward | |
| oaire.citation.title | Finance Research Letters | |
| oairecerif.author.affiliation | Mahidol University | |
| oairecerif.author.affiliation | Blockchain Research Lab |