Brendan Burgess
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Copied from this thread on using AI for financial advice
It lists a lot of overseas studies of how many people use AI for financial advice. This takes up a lot of the article.
Most of the warnings about AI could also be said about financial advisors
It is possible that AI tools could influence people towards certain products or services. While recommendations may appear helpful and personalised, they are not always guaranteed to be in the consumer's best interests. In some cases, AI may favour particular options over others, meaning users may not see the full range of choices available to them.
It would be useful to do a few case studies where a potential investor goes to a broker and gets advice from AI.
It lists a lot of overseas studies of how many people use AI for financial advice. This takes up a lot of the article.
Most of the warnings about AI could also be said about financial advisors
It is possible that AI tools could influence people towards certain products or services. While recommendations may appear helpful and personalised, they are not always guaranteed to be in the consumer's best interests. In some cases, AI may favour particular options over others, meaning users may not see the full range of choices available to them.
It would be useful to do a few case studies where a potential investor goes to a broker and gets advice from AI.
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