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Would you trust AI as your money whisperer?

Source: the-ken.com

Indians are turning to AI chatbots like ChatGPT for free personal finance advice on investments and taxes.
These tools give quick tips but often lack the custom details a human advisor provides, raising reliability concerns.
Regulators worry about misleading advice, while banks test AI to cut costs on customer queries.

Indians increasingly use free AI tools like ChatGPT for money advice on everything from taxes to stock picks, skipping costly human advisors. The article explores if these "money whisperers" can be trusted, spotlighting their strengths in speed and accessibility against risks of generic or wrong guidance. Experts and bankers weigh in on the rise of AI in finance, with regulators cautioning on accountability. It matters because six out of ten Indians lack professional advice, making AI a tempting