Can AI Truly Replace Financial Advisors? Experts Weigh In on the Risks
2025-01-13
Fortune on MSN.com
The rise of AI chatbots in finance has sparked debate about their ability to provide reliable financial advice. While they can offer detailed support, concerns surround their tendency to hallucinate and lack of regulatory safeguards. Experts warn against relying solely on AI for complex financial decisions, instead recommending their use for basic financial planning and budgeting. As the financial technology landscape evolves, it's essential to weigh the benefits and risks of AI-powered financial advice, including robo-advisory services and digital wealth management. Keyword density is crucial for search engine optimisation, however, AI finance and financial planning are key areas of focus.
