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Eun Young (EY) Oh, Senior Lecturer in Economics and Finance, University of Portsmouth

ChatGPT: how to use AI as a virtual financial adviser

Tech support for investors. Darunrat Wongsuvan/Shutterstock

From chatbots and virtual assistants to fraud detection and risk management, artificial intelligence (AI) is now being used in many areas of finance. But what could an AI system like ChatGPT do for your bank balance?

AI tools might seem overly complex or expensive to non-experts, but advances in natural language processing and machine learning could turn ChatGPT and similar products into virtual personal finance assistants. This would mean having an expert on hand to help you make sense of the latest financial news and data.

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