In a 2024 Experian survey, 1 in 3 respondents said they’d used generative artificial intelligence (AI) to learn about a new topic or finances, and 96% reported positive experiences. The problem is that the answers AI is giving may not always be the best. Asking for specifics about the stock market, for example, can reveal some pretty significant knowledge gaps on AI’s part.
GOBankingRates asked ChatGPT, “If I invest $10,000 in Nvidia today, how much will I have in 2045?” After gaming out several scenarios, ChatGPT answered between $38,000 and $164,000 — a very wide range. When financial experts saw this answer and how ChatGPT came to it, they had a lot to say.
