Artificial Intelligence Slowly Revolutionizing Personal Finance with Chatbots, But Human Oversight Still Needed

Artificial intelligence is revolutionizing personal finance, building on decades of financial data to make better predictions.

Chicago experts are developing AI chatbots and avatars to provide financial guidance, though caution is needed to ensure information is sound.

Tests over 5 years have given chatbot Mo guardrails so it sticks to topics it understands and avoids ill advice.

With the right processes, people can learn to trust AI like they learn to trust humans - through time, experience and logic.

While AI can enhance human understanding, experts believe human oversight is still crucial for high-stakes financial decisions.