How Artificial Intelligence Will Change Personal Finance
fyi.moneyguy.com
The biggest technology companies in the U.S. are in an arms race to see who can capture the fast-developing sector of artificial intelligence. You may have tried out AI tools like ChatGPT that generates text or DALL·E, which generates images. If you haven’t tried them out yourself, you’ve most certainly read about them in the news.
Interesting read. Saw this weeks stream disappeared wicked fast. Experience and coaching are always going to be needed. Finance, as with fitness, is rarely a lack of knowledge beyond the nuances. It’s behavioral and requires a support system.
I'm inherently quite skeptical of ChatGPT and AI solutions in general (I'm in tech), but it's worth noting the ChatGPT largely is trained off of 2021 data as far as the beginning question. There's some hacking that's been done to make it reach out to the internet to look stuff up, but generally it tries not to (I think for security?).
To your article's credit, this will be an issue with AI! Training on a moving target is incredibly difficult and it may be that some of these solutions out in the real world will have "old"/"delayed" brains with people asking them about the newest tax code.
Also an issue with AI is that it has absolutely no problem confidently lying as we see in the beginning. I've seen tons of people come to me (again being in tech) saying "look at how cool, it literally wrote code" and the code doesn't even run, as an analogy.
Interesting read. Saw this weeks stream disappeared wicked fast. Experience and coaching are always going to be needed. Finance, as with fitness, is rarely a lack of knowledge beyond the nuances. It’s behavioral and requires a support system.
I'm inherently quite skeptical of ChatGPT and AI solutions in general (I'm in tech), but it's worth noting the ChatGPT largely is trained off of 2021 data as far as the beginning question. There's some hacking that's been done to make it reach out to the internet to look stuff up, but generally it tries not to (I think for security?).
To your article's credit, this will be an issue with AI! Training on a moving target is incredibly difficult and it may be that some of these solutions out in the real world will have "old"/"delayed" brains with people asking them about the newest tax code.
Also an issue with AI is that it has absolutely no problem confidently lying as we see in the beginning. I've seen tons of people come to me (again being in tech) saying "look at how cool, it literally wrote code" and the code doesn't even run, as an analogy.