Tech Talks
Meet Cleo, the AI financial assistant helping people break the cycle of living paycheck to paycheck
Jun 19, 2024
In this discussion, Sam Taylor, VP of Technology at Cleo, shares insights on the 170 million Americans living paycheck to paycheck and how AI can help. Cleo analyzes spending habits, creates budgets, and offers personalized feedback to empower users financially. Michael Goldberg and Emily D'Silva join the conversation, reflecting on the Collision tech event and AI's dominance in the industry. They emphasize the importance of innovation, authenticity, and meaningful dialogue in navigating the rapidly evolving fintech landscape.
29:13
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Quick takeaways
- Cleo uses AI to analyze spending patterns and provide personalized budgeting recommendations, aiming to help 170 million Americans break the paycheck-to-paycheck cycle.
- The podcast discusses the potential for AI technology in personal finance management, envisioning Clio as a 24/7 comprehensive financial advisor as it evolves.
Deep dives
Understanding the Cost of Living Crisis
Many individuals are struggling with the cost of living crisis, with approximately 170 million people in the U.S. living paycheck to paycheck. This situation highlights the growing need for financial assistance tools that can help manage finances more efficiently. By addressing the core issues that lead to financial stress, innovative solutions like Clio aim to empower users to break the cycle of living paycheck to paycheck. These solutions focus on offering proactive guidance and financial education to support better budgeting and spending habits.
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