A look at the use of tools like ChatGPT by retail investors to pick stocks, fueling a robo-advisory market boom, as experts warn of solely relying on AI
- Robo-advisory market projected to grow 600% by 2029 — Half of retail investors open to using AI tools, survey finds Bluesky: @deanalan5 , @gts00 , @carlquintanilla , and @carlquintanilla Forums: r/neoliberal and Slashdot Bluesky: Dean Alan / @deanalan5 : This smells like a tech that could be easily and quietly manipulated by the company selling the tools to benefit the AI tool company or its allies. [embedded post] Greg / @gts00 : It's done better while the market has been up, but during that brief downturn around day 480, it lost more than the human funds (yes, I see what I did there, money for people). — It seems GTP is just picking more volatile stocks. In a recession, that could get ugly. Carl Quintanilla / @carlquintanilla : “.. half of retail investors say they would use AI tools such as ChatGPT” to pick stocks — “and 13% of them already use these tools ..” — @reuters.com — www.reuters.com/business/fin... [image] Carl Quintanilla / @carlquintanilla : It was inevitable. — ChatGPT-selected stocks beating professional money managers. — @reuters.com — www.reuters.com/business/fin... [image] Forums: r/neoliberal : ‘ChatGPT, what stocks should I buy?’ AI fuels boom in robo-advisory market BeauHD / Slashdot : Experts Urge Caution About Using ChatGPT To Pick Stocks