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AAP
AAP
Politics
Jacob Shteyman

Watchdog pushes financial literacy to counter AI boom

Consumer education is key to defeating AI scams and dodgy financial product ads, Joe Longo says. (Bianca De Marchi/AAP PHOTOS)

Australians need to get more financially literate or risk being exploited by an explosion of artificial intelligence scams and financial product advertisements, the regulator warns.

Amid the breathtaking pace of technological change, Australia is unprepared for the disruption that AI will bring, says outgoing Australian Securities and Investments Commission chair Joe Longo.

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