Financial advice from AI may be educational but not holistic, experts say
BNN Bloomberg
Financial experts say artificial intelligence may be an important tool to democratize financial literacy among Canadians but the software is still not sophisticated enough to interpret the nuances of life and tailor advice to individual financial situations.
She prompted the artificial intelligence software to craft a plan for a couple in their 30s who have two young children and want to save for a house. They're dealing with hefty debt and have zero savings but they're a high-income household.
"What should they do first?" Keehn, a personal finance educator, asked ChatGPT 3.
The software offered more than a dozen recommendations the family could follow — from building an emergency fund to paying down high-interest debt to creating a budget to build up a down payment for a house.
