How Can I Trust AI Tools Like ChatGPT for Financial Decisions?

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Asked By FinanceFanatic92 On

I've been using ChatGPT frequently for my business, especially in managing financial situations and running different scenarios to make decisions. Lately, I've become aware that ChatGPT sometimes overlooks important information or even provides incorrect numerical data. I've tried GROK too, and while it's slightly more accurate, it still has its flaws. I'm wondering, how can I find a way to trust these AI platforms, if at all?

3 Answers

Answered By AssistiveAide35 On

Remember, these tools are more like assistants, not miracle workers. People tend to give them more credit than they deserve. It's really about how you use them; they're reflections of your input, not replacements for accurate data.

BrainstormBuddy -

I completely agree! I want to use AI for brainstorming ideas rather than relying on it for direct answers, especially with financial matters.

Answered By RealWorldAnalyst On

It's probably best not to rely on these AIs for company or personal finances, at least not for anything crucial. They aren't designed for complex financial analysis and tend to make mistakes.

SmartSaver77 -

Exactly! I think I'll just use AI to generate ideas and then double-check everything myself.

Answered By DataDiver12 On

AIs are most effective when you already know a lot about the topic. If you can't verify what they say in detail, trust becomes tricky.

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