Can AI Truly Replace Financial Advisors? Experts Weigh In On The Risks
2025-01-13
Fortune on MSN.com
The role of AI in finance is expanding, with chatbots offering detailed financial support and planning tools. However, experts are warning against relying solely on AI for financial advice due to its tendency to hallucinate and lack of regulatory oversight. As AI technology continues to evolve, it's essential to weigh the benefits and risks of using artificial intelligence for financial planning and investment advice, including robo-advisors and automated investment platforms. With the rise of digital banking and fintech, it's crucial to consider the limitations of AI in finance and the importance of human expertise in financial decision-making, particularly for complex financial situations.
