Recently a student used a programme called GPT-3, the most powerful language-generating AI tool to date, to write blogs. “What stood out most about the experience, says Porr, who studies computer science at the University of California, Berkeley: “It was super easy, actually, which was the scary part.” Take a look here.
With AI writing blogs, the amount of content will multiply. Few people can differentiate between what is ‘fake’ and what is not. It’s a problem as we use the information to make decisions. We don’t want to make poor financial decisions based on ‘fake’ information. Is this a worry?
Yes it is. Why? So many financial decisions are not made with logic. Have you ever made a financial decision that appears frictionless? If you have, that’s by design, not luck. A process has been adopted to lead you to the desired outcome even though it doesn’t feel it. In fact, the more frictionless the process, the more appealing it is.
We believe it’s important to talk through your ideas before you take action. To see if decisions that appear easy to make, when you need to see things from new perspectives. If content does become more automated and leading in some way, we can end up making poor decisions unless we can find ways to challenge content and its validity.
The Wealth Coach, an independent financial advisory firm based in the UK. Nic Round, Chartered Wealth Manager.
If you want advice from Independent Chartered Financial Advisers, click here
#financialwellness #financialfreedom #getbetterreturns #investing #wealth #wealthmanagement #financialwisdom #investingstrategies #financialplanning #thewealthcoach #myweathcoach #retirementplanning #investment #retirement #pension #advisor #conversation #savingmoney #yourfuture #inheritance #widowed #wealthylife #wealthmindset #unbiased