One in three US investors trust AI financial advice.

About 31% of investors in the United States trust financial recommendations from artificial intelligence (AI) without cross-checking them with other sources. This is according to a CFP survey CFP.

Around a third of the 1,153 respondents actually received budgeting advice from neural networks, with 80% of them reporting a high level of satisfaction with the experience.

More than half of respondents say they still prefer using AI-generated tips and those found on social networks if they are vetted by experts. 52% said they would like to use bot advice in the future.

“Over the past decade, the amount of unverified investment recommendations on platforms such as TikTok and Instagram has surged. Investors should be wary of the advice of ‘financiers’ on these platforms. The emergence of artificial intelligence tools such as ChatGPT and Bard has further complicated information verification,” said CFP president Kevin Keller.

Around 50% of respondents believe that AI will soon supplement the services of traditional advisers. Another 11% believe that neural networks will completely replace them.

Earlier survey of chief risk officers showed that 66% of managers view generative AI as a threat to organisations.

According to Quartz study, artificial intelligence is 15% more successful at passing CAPTCHA than humans.