Generative AI (artificial intelligence) must surely be in the running for the Oxford word of the year, having been thrust into the spotlight with the sudden arrival of ChatGPT from Microsoft-backed OpenAI.
The emergence of this kind of artificial intelligence, which refers to algorithms (such as ChatGPT) that can be used to create new content, including audio, text and videos, and the speed at which it is entering everyday life, have naturally raised questions about its place in schools, universities, the workplace and broader society.
If a recent UK study is anything to go by, investors are also ready to embrace generative AI.
According to the 2023 Investor Index, 20% of those surveyed had already tapped into AI chatbots such as ChatGPT for financial advice, while 73% agreed AI is able to provide reliable financial advice – or will be able to do so in the future.
Better money managers
One Australian fintech already catering to investor interest – and integrating ChatGPT functionality into its micro-investing app – is wealth management app Douugh (ASX: DOU).
Set to launch later this year, Douugh hopes ChatGPT will help users make more informed financial decisions, thanks to the succinct explanations and information it can provide – although founder and chief executive Andy Taylor is being careful this doesn’t stray into financial advice.
“We’re seeing a huge opportunity here to better educate and inform users to take control and educate themselves, through this technology, to become better investors and better money managers,” he says.
この記事は Money Magazine Australia の August 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Money Magazine Australia の August 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.