I've been testing ChatGPT, Claude, Gemini on SEC filings. The UX is amazing - upload 10-K, ask questions, get instant answers.
**But I can't use it for actual research because:**
1. **I don't know what I don't know**
* I ask "What drove revenue growth?"
* It gives me 3 drivers from MD&A
* How do I know there wasn't a 4th driver buried on page 89?
2. **I can't verify comprehensiveness**
* Did it read every mention of "revenue" across all 150 pages?
* Or just the sections it thought were relevant?
* How do I prove to my PM/compliance that I didn't miss anything?
3. **The output isn't reproducible**
* Ask the same question twice, get different answers
* Can't include AI-generated insights in client reports
* Compliance won't approve it
**So I end up reading the whole damn document anyway.** ChatGPT becomes a glorified Ctrl+F that I still have to verify.
**Question for analysts who read 10-Ks regularly:**
Am I paranoid? Or do you have the same trust issues?
If you've found a way to use AI tools for actual research (not just exploration), I'd love to learn your workflow.
**DM me - doing customer research for a potential solution.**