Don’t Take Financial Advice from AI
1Description
How AI gets simple finance wrong, and how to make it work for you, not mislead you
Topics covered include:
- How AI ignores the time value of money
- A detailed example of ChatGPT misleading by making a simple math mistake
- Some examples of opportunity costs and sunk costs when making financial decisions
- Understanding how AI works can help us use it more effectively
Sponsors
Claude.ai - Sign up for Claude today and get 50% off Claude Pro
Insiders Guide Email Newsletter
Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter
Show Notes
What Kind of a “PhD-level Expert” Is ChatGPT 5.0? I Tested It. by Gary Smith—Mind Matters
Top US Army General Says He’s Letting ChatGPT Make Military Decisions by Joe Wilkins—Futurism
Why Language Models Hallucinate by Adam Tauman Kalai, Ofir Nachum, et al—Arxiv
Auto Loan Calculator—nerdwallet
Related Episodes
538: Forests, Fakes, and the Fight for the Real
457: AI’s Fork in the Road: Societal Bliss or Existential Threat
450: How Higher Interest Rates Alter Our Financial Blueprint
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
United States
Yes, like you I have had many encounters correcting AI. It's always very sycophantic in its addressing its correction, but I often ponder if it reverts to misleading the next sucker who has a similar inquiry? We are as a national policy betting our economic future and radically depleting our most valuable resources in pursuit of the many wonders of worthless parlor tricks presented by some of this AI slop.