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AI for Finance? Use Wisely | San Jose News

AI for Finance? Use Wisely | San Jose News

Published 3 weeks, 1 day ago
Description

AI is becoming a go-to tool for financial advice, especially among Gen Z and Millennials—but it’s not a substitute for human experts. While it can explain concepts like IRAs or compound interest, it can’t handle personal financial decisions or understand your unique life context. Never share sensitive info like passwords or SSNs—it’s a recipe for fraud. AI can also hallucinate, giving false advice that leads to costly mistakes. Use it to learn and ask questions, but always verify and consult a human advisor for major moves.

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