GPT: What are the incentives that when you watch financial firms these days from, from main street financial firms? GPT: They're doing is a kind of version of pornography. It's because in pornography in essence, unless you really naive, it's fake. You could even replace Betterment and robo advisor just by going out and buying SPY. And I mean, this is like, what, the first hundred episodes of our podcast or something. This was the beginning of my financial education.
With financial advising services trying their best to convince you that they can set you up with the life of your dreams, how can the cold, emotionless AI bots compete with their human counterparts?
The latest iterations of chat AI tools range from fun gimmicks to incredibly useful tools, but it’s important to approach them with caution. Whether it’s limited knowledge, problems interpreting data, or even the occasional hallucination, these tools are far from perfect.
On this week’s episode, Phil and Danielle continue their discussion about ChatGPT and what the future could hold for a society dependent on AI.
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