In this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski and Wealth Advisor Mike Rudow discuss artificial intelligence and its potential impact on the financial industry/other fields. 

Mike emphasizes that AI is a large language model with access to data, which can be flawed due to inherent biases. Because it still has a long way to go in making totally accurate conclusions and analyses, it is not recommended to take financial advice from AI. However, Chris and Mike acknowledge the effectiveness of using AI in conjunction with human expert knowledge. Studies show that AI can frame medical diagnoses in a more empathetic manner and help professionals across all fields conduct research and create content more efficiently. 

As the world continues to evolve in the direction of AI-powered tools and software, it is important to be aware of the positive implications of this technology while still being intentional and cautious about how we use it.