Why Your AI Financial Advisor Might Be Gaslighting You

 

We’ve all had that one intern who, when asked a question, would rather make up a convincing lie than simply say, “I don’t know.”

 

Well, it turns out most AI models are just like that intern... only faster and with much better grammar. Recent data shows that even the "smartest" AI models still hallucinate (the tech term for "making things up") at a staggering rate. While some models are getting better at being right, they are still remarkably bad at admitting when they are wrong.

 

In fact, many leading models are wrong or "hallucinating" over 80% of the time. AI is a great tool for brainstorming or drafting a memo, but it’s a terrible source for legal, tax, or investment advice. If you ask a bot to calculate your tax savings or manage your stock options, you might get an answer that looks professional but is actually pure fiction.

 

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