The use of artificial intelligence technology in the financial sector is increasing, and a recent experiment reveals the impressive results that this technology can produce. While this situation creates excitement, it also triggers fear.
According to an experiment conducted by finder.com, the stocks selected by the artificial intelligence chatbot ChatGPT outperformed many of the leading investment funds in the UK. These results highlight the potential of using artificial intelligence as an alternative to traditional financial advisory services.
According to the survey, 19% of adults in the United Kingdom indicated that they would consider seeking financial advice from ChatGPT. Additionally, 8% of the respondents stated that they already receive financial advice from artificial intelligence. This shows that people are increasing their trust in AI-based financial advisory services and are beginning to adopt this technology.
The use of artificial intelligence in the financial sector can provide investors with valuable insights due to its advantages such as rapid data analysis and deep learning. However, like traditional financial advisory services, AI also has its risks and limitations. Therefore, it is important for users to exercise caution and conduct their own research when seeking AI-based financial advice.
With the increasing adoption of artificial intelligence technologies in the financial sector, it is expected that AI-powered financial advisory services will become even more prevalent in the future. However, the importance of the human factor and the value provided by expert financial advisors should not be overlooked. A combined approach that combines AI and human expertise may be the ideal way to achieve better financial outcomes.