Large Language Models in Finance: A Deep Dive

Large Language Models in Finance: A Deep Dive PDF Author: Anand Vemula
Publisher: Anand Vemula
ISBN:
Category : Computers
Languages : en
Pages : 67

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Book Description
"Large Language Models in Finance: A Deep Dive" offers an insightful exploration into the application of advanced language models within the finance sector. This book delves into the transformative impact of large language models (LLMs) on various aspects of finance, offering a comprehensive overview suitable for both novices and experts in the field. Through the lens of LLMs, readers gain a deeper understanding of how natural language processing (NLP) techniques are revolutionizing financial operations. The book begins by elucidating the significance of LLMs in finance, highlighting their role in tasks such as sentiment analysis, financial forecasting, risk management, and fraud detection. With a focus on practical applications, "Large Language Models in Finance" provides insights into how LLMs are utilized for sentiment analysis, enabling financial professionals to gauge market sentiment and make informed investment decisions. It further explores their role in financial forecasting and predictions, facilitating the development of quantitative trading strategies and enhancing decision-making processes. The book also delves into the crucial aspect of risk management and compliance, showcasing how LLMs aid in identifying potential risks, automating compliance checks, and ensuring adherence to regulatory requirements. Readers gain valuable insights into the ethical considerations surrounding the use of LLMs in finance, including data privacy, bias mitigation, and the responsible deployment of AI technologies. Moreover, "Large Language Models in Finance" offers practical guidance on leveraging LLMs for financial reporting, analysis, and automation, enabling organizations to streamline processes and derive actionable insights from vast amounts of data. The book concludes with a forward-looking perspective, exploring emerging trends, future innovations, and the evolving landscape of LLMs in finance. In summary, "Large Language Models in Finance: A Deep Dive" serves as a comprehensive guide for anyone interested in understanding the transformative potential of LLMs in the finance industry. With its accessible language, practical examples, and forward-thinking insights, this book is essential reading for finance professionals, researchers, and enthusiasts alike.

Large Language Models in Finance: A Deep Dive

Large Language Models in Finance: A Deep Dive PDF Author: Anand Vemula
Publisher: Anand Vemula
ISBN:
Category : Computers
Languages : en
Pages : 67

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Book Description
"Large Language Models in Finance: A Deep Dive" offers an insightful exploration into the application of advanced language models within the finance sector. This book delves into the transformative impact of large language models (LLMs) on various aspects of finance, offering a comprehensive overview suitable for both novices and experts in the field. Through the lens of LLMs, readers gain a deeper understanding of how natural language processing (NLP) techniques are revolutionizing financial operations. The book begins by elucidating the significance of LLMs in finance, highlighting their role in tasks such as sentiment analysis, financial forecasting, risk management, and fraud detection. With a focus on practical applications, "Large Language Models in Finance" provides insights into how LLMs are utilized for sentiment analysis, enabling financial professionals to gauge market sentiment and make informed investment decisions. It further explores their role in financial forecasting and predictions, facilitating the development of quantitative trading strategies and enhancing decision-making processes. The book also delves into the crucial aspect of risk management and compliance, showcasing how LLMs aid in identifying potential risks, automating compliance checks, and ensuring adherence to regulatory requirements. Readers gain valuable insights into the ethical considerations surrounding the use of LLMs in finance, including data privacy, bias mitigation, and the responsible deployment of AI technologies. Moreover, "Large Language Models in Finance" offers practical guidance on leveraging LLMs for financial reporting, analysis, and automation, enabling organizations to streamline processes and derive actionable insights from vast amounts of data. The book concludes with a forward-looking perspective, exploring emerging trends, future innovations, and the evolving landscape of LLMs in finance. In summary, "Large Language Models in Finance: A Deep Dive" serves as a comprehensive guide for anyone interested in understanding the transformative potential of LLMs in the finance industry. With its accessible language, practical examples, and forward-thinking insights, this book is essential reading for finance professionals, researchers, and enthusiasts alike.

Advances in Financial Machine Learning

Advances in Financial Machine Learning PDF Author: Marcos Lopez de Prado
Publisher: John Wiley & Sons
ISBN: 1119482119
Category : Business & Economics
Languages : en
Pages : 400

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Book Description
Machine learning (ML) is changing virtually every aspect of our lives. Today ML algorithms accomplish tasks that until recently only expert humans could perform. As it relates to finance, this is the most exciting time to adopt a disruptive technology that will transform how everyone invests for generations. Readers will learn how to structure Big data in a way that is amenable to ML algorithms; how to conduct research with ML algorithms on that data; how to use supercomputing methods; how to backtest your discoveries while avoiding false positives. The book addresses real-life problems faced by practitioners on a daily basis, and explains scientifically sound solutions using math, supported by code and examples. Readers become active users who can test the proposed solutions in their particular setting. Written by a recognized expert and portfolio manager, this book will equip investment professionals with the groundbreaking tools needed to succeed in modern finance.

Large Language Models: A Deep Dive

Large Language Models: A Deep Dive PDF Author: Uday Kamath
Publisher: Springer
ISBN: 9783031656460
Category : Computers
Languages : en
Pages : 0

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Book Description
Large Language Models (LLMs) have emerged as a cornerstone technology, transforming how we interact with information and redefining the boundaries of artificial intelligence. LLMs offer an unprecedented ability to understand, generate, and interact with human language in an intuitive and insightful manner, leading to transformative applications across domains like content creation, chatbots, search engines, and research tools. While fascinating, the complex workings of LLMs—their intricate architecture, underlying algorithms, and ethical considerations—require thorough exploration, creating a need for a comprehensive book on this subject. This book provides an authoritative exploration of the design, training, evolution, and application of LLMs. It begins with an overview of pre-trained language models and Transformer architectures, laying the groundwork for understanding prompt-based learning techniques. Next, it dives into methods for fine-tuning LLMs, integrating reinforcement learning for value alignment, and the convergence of LLMs with computer vision, robotics, and speech processing. The book strongly emphasizes practical applications, detailing real-world use cases such as conversational chatbots, retrieval-augmented generation (RAG), and code generation. These examples are carefully chosen to illustrate the diverse and impactful ways LLMs are being applied in various industries and scenarios. Readers will gain insights into operationalizing and deploying LLMs, from implementing modern tools and libraries to addressing challenges like bias and ethical implications. The book also introduces the cutting-edge realm of multimodal LLMs that can process audio, images, video, and robotic inputs. With hands-on tutorials for applying LLMs to natural language tasks, this thorough guide equips readers with both theoretical knowledge and practical skills for leveraging the full potential of large language models. This comprehensive resource is appropriate for a wide audience: students, researchers and academics in AI or NLP, practicing data scientists, and anyone looking to grasp the essence and intricacies of LLMs. Key Features: Over 100 techniques and state-of-the-art methods, including pre-training, prompt-based tuning, instruction tuning, parameter-efficient and compute-efficient fine-tuning, end-user prompt engineering, and building and optimizing Retrieval-Augmented Generation systems, along with strategies for aligning LLMs with human values using reinforcement learning Over 200 datasets compiled in one place, covering everything from pre- training to multimodal tuning, providing a robust foundation for diverse LLM applications Over 50 strategies to address key ethical issues such as hallucination, toxicity, bias, fairness, and privacy. Gain comprehensive methods for measuring, evaluating, and mitigating these challenges to ensure responsible LLM deployment Over 200 benchmarks covering LLM performance across various tasks, ethical considerations, multimodal applications, and more than 50 evaluation metrics for the LLM lifecycle Nine detailed tutorials that guide readers through pre-training, fine- tuning, alignment tuning, bias mitigation, multimodal training, and deploying large language models using tools and libraries compatible with Google Colab, ensuring practical application of theoretical concepts Over 100 practical tips for data scientists and practitioners, offering implementation details, tricks, and tools to successfully navigate the LLM life- cycle and accomplish tasks efficiently

Deep Dive Into Financial Models: Modeling Risk And Uncertainty

Deep Dive Into Financial Models: Modeling Risk And Uncertainty PDF Author: Mathieu Le Bellac
Publisher: World Scientific Publishing Company
ISBN: 981314212X
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
Since 2007, the repeated financial crises around the world have brought to the headlines financial practices and models considered to fuel the economic instabilities. Deep Dive into Financial Models: Modeling Risk and Uncertainty comes handy in demystifying the underlying quantitative finance concepts. With a limited use of mathematical formalism, the book explains thoroughly the models, their hypotheses, principles and other building blocks. A particular care is given to model limitations and their misuse for investment strategies, asset pricing, or risk management. Its reader-friendly nature provides readers with a head start in quantitative finance.

Machine Learning in Finance

Machine Learning in Finance PDF Author: Matthew F. Dixon
Publisher: Springer Nature
ISBN: 3030410684
Category : Business & Economics
Languages : en
Pages : 565

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Book Description
This book introduces machine learning methods in finance. It presents a unified treatment of machine learning and various statistical and computational disciplines in quantitative finance, such as financial econometrics and discrete time stochastic control, with an emphasis on how theory and hypothesis tests inform the choice of algorithm for financial data modeling and decision making. With the trend towards increasing computational resources and larger datasets, machine learning has grown into an important skillset for the finance industry. This book is written for advanced graduate students and academics in financial econometrics, mathematical finance and applied statistics, in addition to quants and data scientists in the field of quantitative finance. Machine Learning in Finance: From Theory to Practice is divided into three parts, each part covering theory and applications. The first presents supervised learning for cross-sectional data from both a Bayesian and frequentist perspective. The more advanced material places a firm emphasis on neural networks, including deep learning, as well as Gaussian processes, with examples in investment management and derivative modeling. The second part presents supervised learning for time series data, arguably the most common data type used in finance with examples in trading, stochastic volatility and fixed income modeling. Finally, the third part presents reinforcement learning and its applications in trading, investment and wealth management. Python code examples are provided to support the readers' understanding of the methodologies and applications. The book also includes more than 80 mathematical and programming exercises, with worked solutions available to instructors. As a bridge to research in this emergent field, the final chapter presents the frontiers of machine learning in finance from a researcher's perspective, highlighting how many well-known concepts in statistical physics are likely to emerge as important methodologies for machine learning in finance.

The AI Book

The AI Book PDF Author: Ivana Bartoletti
Publisher: John Wiley & Sons
ISBN: 1119551927
Category : Business & Economics
Languages : en
Pages : 782

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Book Description
Written by prominent thought leaders in the global fintech space, The AI Book aggregates diverse expertise into a single, informative volume and explains what artifical intelligence really means and how it can be used across financial services today. Key industry developments are explained in detail, and critical insights from cutting-edge practitioners offer first-hand information and lessons learned. Coverage includes: · Understanding the AI Portfolio: from machine learning to chatbots, to natural language processing (NLP); a deep dive into the Machine Intelligence Landscape; essentials on core technologies, rethinking enterprise, rethinking industries, rethinking humans; quantum computing and next-generation AI · AI experimentation and embedded usage, and the change in business model, value proposition, organisation, customer and co-worker experiences in today’s Financial Services Industry · The future state of financial services and capital markets – what’s next for the real-world implementation of AITech? · The innovating customer – users are not waiting for the financial services industry to work out how AI can re-shape their sector, profitability and competitiveness · Boardroom issues created and magnified by AI trends, including conduct, regulation & oversight in an algo-driven world, cybersecurity, diversity & inclusion, data privacy, the ‘unbundled corporation’ & the future of work, social responsibility, sustainability, and the new leadership imperatives · Ethical considerations of deploying Al solutions and why explainable Al is so important

Demystifying Large Language Models

Demystifying Large Language Models PDF Author: James Chen
Publisher: James Chen
ISBN: 1738908461
Category : Computers
Languages : en
Pages : 300

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Book Description
This book is a comprehensive guide aiming to demystify the world of transformers -- the architecture that powers Large Language Models (LLMs) like GPT and BERT. From PyTorch basics and mathematical foundations to implementing a Transformer from scratch, you'll gain a deep understanding of the inner workings of these models. That's just the beginning. Get ready to dive into the realm of pre-training your own Transformer from scratch, unlocking the power of transfer learning to fine-tune LLMs for your specific use cases, exploring advanced techniques like PEFT (Prompting for Efficient Fine-Tuning) and LoRA (Low-Rank Adaptation) for fine-tuning, as well as RLHF (Reinforcement Learning with Human Feedback) for detoxifying LLMs to make them aligned with human values and ethical norms. Step into the deployment of LLMs, delivering these state-of-the-art language models into the real-world, whether integrating them into cloud platforms or optimizing them for edge devices, this section ensures you're equipped with the know-how to bring your AI solutions to life. Whether you're a seasoned AI practitioner, a data scientist, or a curious developer eager to advance your knowledge on the powerful LLMs, this book is your ultimate guide to mastering these cutting-edge models. By translating convoluted concepts into understandable explanations and offering a practical hands-on approach, this treasure trove of knowledge is invaluable to both aspiring beginners and seasoned professionals. Table of Contents 1. INTRODUCTION 1.1 What is AI, ML, DL, Generative AI and Large Language Model 1.2 Lifecycle of Large Language Models 1.3 Whom This Book Is For 1.4 How This Book Is Organized 1.5 Source Code and Resources 2. PYTORCH BASICS AND MATH FUNDAMENTALS 2.1 Tensor and Vector 2.2 Tensor and Matrix 2.3 Dot Product 2.4 Softmax 2.5 Cross Entropy 2.6 GPU Support 2.7 Linear Transformation 2.8 Embedding 2.9 Neural Network 2.10 Bigram and N-gram Models 2.11 Greedy, Random Sampling and Beam 2.12 Rank of Matrices 2.13 Singular Value Decomposition (SVD) 2.14 Conclusion 3. TRANSFORMER 3.1 Dataset and Tokenization 3.2 Embedding 3.3 Positional Encoding 3.4 Layer Normalization 3.5 Feed Forward 3.6 Scaled Dot-Product Attention 3.7 Mask 3.8 Multi-Head Attention 3.9 Encoder Layer and Encoder 3.10 Decoder Layer and Decoder 3.11 Transformer 3.12 Training 3.13 Inference 3.14 Conclusion 4. PRE-TRAINING 4.1 Machine Translation 4.2 Dataset and Tokenization 4.3 Load Data in Batch 4.4 Pre-Training nn.Transformer Model 4.5 Inference 4.6 Popular Large Language Models 4.7 Computational Resources 4.8 Prompt Engineering and In-context Learning (ICL) 4.9 Prompt Engineering on FLAN-T5 4.10 Pipelines 4.11 Conclusion 5. FINE-TUNING 5.1 Fine-Tuning 5.2 Parameter Efficient Fine-tuning (PEFT) 5.3 Low-Rank Adaptation (LoRA) 5.4 Adapter 5.5 Prompt Tuning 5.6 Evaluation 5.7 Reinforcement Learning 5.8 Reinforcement Learning Human Feedback (RLHF) 5.9 Implementation of RLHF 5.10 Conclusion 6. DEPLOYMENT OF LLMS 6.1 Challenges and Considerations 6.2 Pre-Deployment Optimization 6.3 Security and Privacy 6.4 Deployment Architectures 6.5 Scalability and Load Balancing 6.6 Compliance and Ethics Review 6.7 Model Versioning and Updates 6.8 LLM-Powered Applications 6.9 Vector Database 6.10 LangChain 6.11 Chatbot, Example of LLM-Powered Application 6.12 WebUI, Example of LLM-Power Application 6.13 Future Trends and Challenges 6.14 Conclusion REFERENCES ABOUT THE AUTHOR

A Beginner's Guide to Large Language Models

A Beginner's Guide to Large Language Models PDF Author: Enamul Haque
Publisher: Enamul Haque
ISBN: 1445263289
Category : Computers
Languages : en
Pages : 259

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Book Description
A Beginner's Guide to Large Language Models: Conversational AI for Non-Technical Enthusiasts Step into the revolutionary world of artificial intelligence with "A Beginner's Guide to Large Language Models: Conversational AI for Non-Technical Enthusiasts." Whether you're a curious individual or a professional seeking to leverage AI in your field, this book demystifies the complexities of large language models (LLMs) with engaging, easy-to-understand explanations and practical insights. Explore the fascinating journey of AI from its early roots to the cutting-edge advancements that power today's conversational AI systems. Discover how LLMs, like ChatGPT and Google's Gemini, are transforming industries, enhancing productivity, and sparking creativity across the globe. With the guidance of this comprehensive and accessible guide, you'll gain a solid understanding of how LLMs work, their real-world applications, and the ethical considerations they entail. Packed with vivid examples, hands-on exercises, and real-life scenarios, this book will empower you to harness the full potential of LLMs. Learn to generate creative content, translate languages in real-time, summarise complex information, and even develop AI-powered applications—all without needing a technical background. You'll also find valuable insights into the evolving job landscape, equipping you with the knowledge to pursue a successful career in this dynamic field. This guide ensures that AI is not just an abstract concept but a tangible tool you can use to transform your everyday life and work. Dive into the future with confidence and curiosity, and discover the incredible possibilities that large language models offer. Join the AI revolution and unlock the secrets of the technology that's reshaping our world. "A Beginner's Guide to Large Language Models" is your key to understanding and mastering the power of conversational AI. Introduction This introduction sets the stage for understanding the evolution of artificial intelligence (AI) and large language models (LLMs). It highlights the promise of making complex AI concepts accessible to non-technical readers and outlines the unique approach of this book. Chapter 1: Demystifying AI and LLMs: A Journey Through Time This chapter introduces the basics of AI, using simple analogies and real-world examples. It traces the evolution of AI, from rule-based systems to machine learning and deep learning, leading to the emergence of LLMs. Key concepts such as tokens, vocabulary, and embeddings are explained to build a solid foundation for understanding how LLMs process and generate language. Chapter 2: Mastering Large Language Models Delving deeper into the mechanics of LLMs, this chapter covers the transformer architecture, attention mechanisms, and the processes involved in training and fine-tuning LLMs. It includes hands-on exercises with prompts and discusses advanced techniques like chain-of-thought prompting and prompt chaining to optimise LLM performance. Chapter 3: The LLM Toolbox: Unleashing the Power of Language AI This chapter explores the diverse applications of LLMs in text generation, language translation, summarisation, question answering, and code generation. It also introduces multimodal LLMs that handle both text and images, showcasing their impact on various creative and professional fields. Practical examples and real-life scenarios illustrate how these tools can enhance productivity and creativity. Chapter 4: LLMs in the Real World: Transforming Industries Highlighting the transformative impact of LLMs across different industries, this chapter covers their role in healthcare, finance, education, creative industries, and business. It discusses how LLMs are revolutionising tasks such as medical diagnosis, fraud detection, personalised tutoring, and content creation, and explores the future of work in an AI-powered world. Chapter 5: The Dark Side of LLMs: Ethical Concerns and Challenges Addressing the ethical challenges of LLMs, this chapter covers bias and fairness, privacy concerns, misuse of LLMs, security threats, and the transparency of AI decision-making. It also discusses ethical frameworks for responsible AI development and presents diverse perspectives on the risks and benefits of LLMs. Chapter 6: Mastering LLMs: Advanced Techniques and Strategies This chapter focuses on advanced techniques for leveraging LLMs, such as combining transformers with other AI models, fine-tuning open-source LLMs for specific tasks, and building LLM-powered applications. It provides detailed guidance on prompt engineering for various applications and includes a step-by-step guide to creating an AI-powered chatbot. Chapter 7: LLMs and the Future: A Glimpse into Tomorrow Looking ahead, this chapter explores emerging trends and potential breakthroughs in AI and LLM research. It discusses ethical AI development, insights from leading AI experts, and visions of a future where LLMs are integrated into everyday life. The chapter highlights the importance of building responsible AI systems that address societal concerns. Chapter 8: Your LLM Career Roadmap: Navigating the AI Job Landscape Focusing on the growing demand for LLM expertise, this chapter outlines various career paths in the AI field, such as LLM scientists, engineers, and prompt engineers. It provides resources for building the necessary skillsets and discusses the evolving job market, emphasising the importance of continuous learning and adaptability in a rapidly changing industry. Thought-Provoking Questions, Simple Exercises, and Real-Life Scenarios The book concludes with practical exercises and real-life scenarios to help readers apply their knowledge of LLMs. It includes thought-provoking questions to deepen understanding and provides resources and tools for further exploration of LLM applications. Tools to Help with Your Exercises This section lists tools and platforms for engaging with LLM exercises, such as OpenAI's Playground, Google Translate, and various IDEs for coding. Links to these tools are provided to facilitate hands-on learning and experimentation.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance PDF Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
ISBN: 1589063953
Category : Business & Economics
Languages : en
Pages : 35

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Book Description
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

The Future of Finance with ChatGPT and Power BI

The Future of Finance with ChatGPT and Power BI PDF Author: James Bryant
Publisher: Packt Publishing Ltd
ISBN: 180512109X
Category : Computers
Languages : en
Pages : 406

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Book Description
Enhance decision-making, transform your market approach, and find investment opportunities by exploring AI, finance, and data visualization with ChatGPT's analytics and Power BI's visuals Key Features Automate Power BI with ChatGPT for quick and competitive financial insights, giving you a strategic edge Make better data-driven decisions with practical examples of financial analysis and reporting Learn the step-by-step integration of ChatGPT, financial analysis, and Power BI for real-world success Purchase of the print or Kindle book includes a free PDF eBook Book DescriptionIn today's rapidly evolving economic landscape, the combination of finance, analytics, and artificial intelligence (AI) heralds a new era of decision-making. Finance and data analytics along with AI can no longer be seen as separate disciplines and professionals have to be comfortable in both in order to be successful. This book combines finance concepts, visualizations through Power BI and the application of AI and ChatGPT to provide a more holistic perspective. After a brief introduction to finance and Power BI, you will begin with Tesla's data-driven financial tactics before moving to John Deere's AgTech strides, all through the lens of AI. Salesforce's adaptation to the AI revolution offers profound insights, while Moderna's navigation through the biotech frontier during the pandemic showcases the agility of AI-focused companies. Learn from Silicon Valley Bank's demise, and prepare for CrowdStrike's defensive maneuvers against cyber threats. With each chapter, you'll gain mastery over new investing ideas, Power BI tools, and integrate ChatGPT into your workflows. This book is an indispensable ally for anyone looking to thrive in the financial sector. By the end of this book, you'll be able to transform your approach to investing and trading by blending AI-driven analysis, data visualization, and real-world applications.What you will learn Dominate investing, trading, and reporting with ChatGPT's game-changing insights Master Power BI for dynamic financial visuals, custom dashboards, and impactful charts Apply AI and ChatGPT for advanced finance analysis and natural language processing (NLP) in news analysis Tap into ChatGPT for powerful market sentiment analysis to seize investment opportunities Unleash your financial analysis potential with data modeling, source connections, and Power BI integration Understand the importance of data security and adopt best practices for using ChatGPT and Power BI Who this book is for This book is for students, academics, data analysts, and AI enthusiasts eager to leverage ChatGPT for financial analysis and forecasting. It's also suitable for investors, traders, financial pros, business owners, and entrepreneurs interested in analyzing financial data using Power BI. To get started with this book, understanding the fundamentals of finance, investment, trading, and data analysis, along with proficiency in tools like Power BI and Microsoft Excel, is necessary. While prior knowledge of AI and ChatGPT is beneficial, it is not a prerequisite.