[paulpauper]

AI financial advice encourages people to save more, diversify their investing, and take on less risk as they age.

sounds like pretty generic advice. I thought they meant it gives good stock picks or trading strategies. That would be noteworthy. This is just "meh".

[fn-mote]

> I thought they meant it gives good stock picks or trading strategies

Sadly, Gemini Flash fails to demolish individual stock picking as a strategy.

Its response included a very lukewarm note picking the few winners is hard, but no further warnings about just how hard (essentially impossible).

Thinking mode didn’t produce any better caveats.

I guess I’ll read the article, but this doesn’t sound like advice that is going to put financial planners out of business.

[anonu]

You need to feed it high quality data. Try Gemini Notebook, but this time load up a spreadsheet of fundamentals information for all US stocks or ETFs. The answer will differ and be much more nuanced.

I dont think you can rely on an out of book chat agent today to have all the necessary information at its disposal - even if you can pull a stock quote in ChatGPT, it doesn't mean it's going to look at PE multiples on 5000 stocks...

[foxtrot8672]

well, we find a material difference when using defined inputs to constrain and optimize agent responses. For example, there are some things that a generic ai couldn't do well out of the box, but is essential to long term household stability: constant monitoring, financial synchronization, and deterministic calculators and data retrieval subsystems. mostly, memory, of users' decision points and financial history. memories are built over time and far outlive a generic AI's chat context.

[impendia]

I have to assume that there are hedge funds or someone like that, already investing extensive effort into trying to get AI to beat the market. I assume that it can't, but if I'm wrong then whoever figures this out stands to get extremely rich.

[ashu1461]

It is mentioned in the article that without context, it does give generic fail safe advice, but as the prompts get better it would also lead you to the right direction.

[davidmyr]

I also think it is actually most challenging to change peoples behavior and neither YT gurus nor static AI models can (maybe an agent with appropriate tools could)

[QwenGlazer9000]

Not just Generic. Any of the finance guys on YouTube that aren't grifters will say this. Post-train on a single one of them and boom AI is a financial guru.