"If you're doing it for self-education, it's one thing, but I think it's quite hard to rely on a chatbot for fiduciary purposes if you're facing clients,"
"You don't use AI to do sophisticated things,"
"It's more trouble for me to use something and find out later that it's hallucinated than it is for me to just go get it from the source to begin with."
AI chatbots function primarily as productivity and research aids for finance professionals, useful for summarizing books, presentations, and organizing notes. Financial leaders use chatbots for self-education and to generate alternative perspectives, including custom agents modeled on prominent investors. Hallucinations and inaccuracies make chatbots unreliable for precise figures, fiduciary responsibilities, and sophisticated analysis. Many professionals prefer verifying data at the source rather than relying on chatbot outputs for critical decisions. Overall, chatbots supplement routine tasks and idea generation but do not replace core analytical or client-facing finance roles.
Read at Business Insider
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