Do you verify the answers of the AI about the 10K? if you do then what's the point of giving it to AI?
Not asking whether to use AI for this everyone already does, myself included(after getting advice from you guyz) . Running a filing through an AI model and asking specific questions is indeed faster than reading 100+ pages, and at this point it's basically the default workflow for a lot of retail investors that I learnt here.
What I haven't figured out is the verification step. If it tells me a company's debt covenant trips at a 1.2x coverage ratio, I'm trusting that's accurate unless I go open the actual filing and check the page at which point I've basically done the manual work I was trying to skip.
Curious how people handle this verification step and of course the AI hallucinating number is a real deal. Do you verify every material answer,
spot-check randomly, or just trust the output?