Using AI for financial advice? Proceed with caution
Danilo McGarry highlights a problem with outsourcing your financial planning to artificial intelligence.
The strategic adviser on AI for the Chartered Institute of Personnel and Development says that when one user asked a chatbot how to reduce their tax bill, the tool suggested a move to Monaco.
Though this is technically correct, it was “practically useless” for someone employed in Croydon at the time, he says.
The strategic adviser on AI for the Chartered Institute of Personnel and Development says that when one user asked a chatbot how to reduce their tax bill, the tool suggested a move to Monaco.
Though this is technically correct, it was “practically useless” for someone employed in Croydon at the time, he says.