31% of investors are OK with using artificial intelligence as their advisor – CNBC

According to a recent survey conducted by CNBC, it has been found that 31% of investors are comfortable with using artificial intelligence (AI) as their financial advisor. This statistic highlights the growing acceptance and trust in AI technology within the investment community.

The survey, which involved over a thousand investors, aimed to gauge their attitudes towards AI and its role in financial decision-making. The results indicate a significant shift in investor behavior, with a notable portion embracing AI as a reliable source of financial advice.

The appeal of AI as an advisor lies in its ability to analyze vast amounts of data, identify patterns, and make data-driven investment recommendations. This technology can process information at a speed and scale that surpasses human capabilities, potentially leading to more informed investment decisions.

Furthermore, AI-powered advisors are available 24/7, providing investors with continuous support and guidance. This accessibility is particularly appealing to those who prefer a more hands-off approach to managing their investments or have limited time to dedicate to financial planning.

However,

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