Howdy,
After heavy media reporting about artificially intelligent chatbots, curiosity got the best of me. I started dabbling over the holiday. Since then, I’ve asked everyone who seems remotely interested if they’re using it and their thoughts on the new tech.
So far, I’ve used the chatbot personally and professionally. I’ve asked the chatbot to explain financial concepts to me, edit my writing, outline scripts and how to roast chicken thighs and potatoes in a cast iron. My latest party trick is to ask it to write a short story about the person I’m showing the app to. The writing isn’t bad. It’s bland and generic, but it’s coherent and at times, good.
Being a little bit older since the last tech boom, I’m approaching these developments without putting too much hope into any sort of outcome I can imagine. But it has got me thinking about what this might mean for how we approach our finances.
Is there a future world where artificial intelligence becomes augmented intelligence and a chatbot can help people with financial decision-making? Where we plug in a dataset, like options for car loans we’ve been approved for, and we ask it to help us weigh the choices? Can it help us practice negotiating our salary? Or at least write scripts for these conversations? Can it be trained to be a supplemental financial coach for anyone that needs help? Can it help us act more rationally and less emotionally when it comes to money?
I’m sure some of you have thoughts and feelings about this new technological frontier we’re facing. As always, don’t be shy; hit reply!
Your favorite finance friend,
