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Everyday Wealth

Season 2 Episode 35: The future of personal finance and artificial intelligence

Sep 4, 2023
Explore how artificial intelligence is revolutionizing personal finance and job roles, including the integration of AI tools in financial planning. Delve into the debate on whether AI can replace human financial advisors, emphasizing the importance of emotional intelligence. Learn about the impacts of technology in education and the need for continuous discussions on effective integration.
32:30

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • AI can enhance efficiency in tasks like document drafting and data analysis, but lacks human attributes crucial for client interactions.
  • Financial planners should view AI as a complementary tool, emphasizing the importance of human-centered skills in serving clients.

Deep dives

The Rise of Artificial Intelligence in 2023

In 2023, artificial intelligence (AI) has become prevalent, with Open AI's chat GPT attracting over 100 million users and receiving 1 billion monthly visits. AI's capabilities include creating text documents, engaging in real-time chat interactions, and providing well-thought-out responses to specific inquiries. Concerns arise for knowledge workers as reports suggest that 27% of jobs are at high risk due to AI advancements, particularly affecting tech roles, legal professions, media, and creative industries.

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