Growing Reliance on AI for Financial Advice
Younger generations, such as Gen Z and millennials, are increasingly turning to AI bots for investment advice, driven by accessibility and ease of use.
Risk and Regulation Concerns
Experts caution that the rapid adoption of robo-advisors may lead to overestimating investment options and taking excessive financial risks, highlighting the need for stricter regulation to ensure responsible use and mitigate potential pitfalls.
