How well does ChatGPT advise on capital investment? Short question for economist Lars Hornuf

The search for a suitable investment is a major challenge for many investors. Researchers led by Lars Hornuf from TU Dresden have investigated whether and to what extent AI tools such as ChatGPT can advise on investment decisions.    
The results show that the portfolio suggestions of artificial intelligence are comparable to those of professional investment advisors. In the video, the economist explains how the researchers analyzed the advisory capabilities of ChatGPT-4.    
Is the AI able to suggest a broadly diversified market portfolio of ETFs (exchange-traded funds) to investors that also takes into account their risk preferences, investment horizon, and the age of the investor profile? Lars Hornuf and his team believe that GPT-4 could in future help to sift through and better understand the large amounts of information that otherwise overwhelm investors when making decisions. In the future, "large language models" could also be implemented in robots that offer financial advice.

To the working paper of the study: https://ssrn.com/abstract=4499485