Good habits by consumers can stymie scams, but US regulations have fallen behind the technology.
- Associate Professor of Finance, University of Michigan Flint
The gap between AI and a human adviser is narrowest for commonsense guidance.
The higher the stakes and the more specific the questions, the more likely AI will stumble on personal finance advice.
Wall Street’s history of embracing high-speed algorithmic trading suggests ChatGPT will pose similar – if bigger – risks to financial markets.
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