SEC Bot

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  SEC Logo

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  Bill Revenue over 3 years

Inspiration

Inspiration

Our team has always been fascinated by the financial world and the vast amount of data available in SEC filings. However, we realized that parsing these filings and extracting meaningful insights could be challenging, especially for non-experts. We wanted to make financial analysis more accessible and efficient by leveraging the power of ChatGPT to create a comprehensive and user-friendly SEC Bot.

What it does

SEC Bot is an AI-powered chatbot that allows users to ask complex questions about a public company's financials directly within ChatGPT. It extracts information from SEC filings like 10-Ks and 10-Qs and provides detailed answers to the user's queries. This enables users to obtain insights such as revenue trends, profit margins, and risk factors without having to navigate through lengthy documents.

How we built it

We began by constructing a custom dataset containing relevant financial information, such as financial statements and key ratios. To represent this information efficiently, we used vector databases, which allowed us to store and query the data in a more compact and searchable format. This enabled faster and more accurate retrieval of information when responding to user queries. In addition to this, we utilized vector similarity search techniques to find the most relevant pieces of information based on user queries. This approach significantly improved the chatbot's ability to provide precise and meaningful answers to complex financial questions. Finally, we developed a user-friendly interface that facilitates easy interaction with the chatbot. Users can ask questions in natural language and receive clear, accurate answers, making financial analysis more accessible and efficient.

What we learned

Throughout the development of SEC Bot, we learned about the intricacies of financial analysis and the importance of data quality. We also gained valuable experience in working with the ChatGPT architecture and fine-tuning it for specific use cases. Furthermore, we discovered that creating a user-friendly interface and understanding users' needs are crucial for the success of any AI-powered application.

What's next for SEC Bot

We have big plans for SEC Bot's future. Some of our key objectives include:

Expanding the bot's capabilities to cover more types of SEC filings, such as 8-Ks and S-1s, to provide even more comprehensive financial analysis. Integrating more data sources, including news articles and analyst reports, to deliver a holistic view of a company's performance and prospects. Developing a voice-activated version of SEC Bot to make it even more accessible and convenient for users. Implementing additional features, such as portfolio tracking and personalized alerts, to cater to various user needs and preferences. We believe that with these improvements, SEC Bot will become an invaluable tool for both seasoned professionals and casual investors, democratizing access to financial data and insights.

Built With

• chatgpt
• openai
• pinecone