AI financial advisors are coming and they may outperform the humans guarding your money |
Fox News anchor Bret Baier explores how the technology is changing how the world operates on 'Special Report.'
For decades, Americans were given the same advice about money: Find a good financial adviser. Trust the person, not just the process.
That model worked when markets were simpler, tax laws changed more slowly, statements arrived quarterly and financial decision-making wasn’t so complex. But today, investors are navigating inflation, volatile markets, rising debt and rapid policy shifts — all while still relying on advice that’s often reactive, emotional and outdated.
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And now comes an uncomfortable truth Wall Street doesn’t love talking about.
Artificial intelligence may soon be a better financial adviser than most human beings.
And this comes from a person who has been giving financial advice to thousands of families over the past 34 years and also sees the handwriting on the wall for financial advisers over the next decade.
Not in theory. In practice.
Every market crash teaches the same lesson. People panic. They sell at the bottom. They chase hot investments after the run-up is already over. They invest in their friend’s new restaurant that doesn’t stand a chance. They buy cryptocurrencies nobody has ever heard of. Since the dawn of time, people have looked for a get-rich-quick scheme that will help them retire tomorrow.
NVIDIA CEO Jensen Huang says the real artificial intelligence boom is only........