Outsourced to a robot

Outsider chatgpt technology robot

27 January 2023
| By Outsider |
image
image
expand image

Much has been written about the recent development of AI chatbot ChatGPT which can write stories, answer questions and provide fascinating facts for its users.

The next stage is how the app can be put to productive use and whether it can be used to provide financial advice.

Forget the impact of the Quality of Advice Review, if this goes app becomes a mainstream proposition, advisers are wondering whether they will be usurped by an robot which can bring down the time and costs of their work.

Readers might think that Outsider is shy of technology but, on the contrary, anything that would give him more time to play golf is good in his eyes.

He sees an even-better potential than providing advice; letting the chatbot write his columns while he has a well-deserved rest in the sun. 

After all, it’s only taken 35 years of columns for him to find a suitable replacement and this one won’t even need paying.

Read more about:

AUTHOR

Add new comment

The content of this field is kept private and will not be shown publicly.

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

James Patterson

How much did IRESS pay Deloitte for this analysis? Not sure they are the arbiter of intelligent forecasting in this spac...

17 hours ago
Howard Elton

Article makes no comment that the advisers leaving industry are older and have many years of work an life experience w...

2 days ago
Peter Robinson

This article appears to overlook the fact that there must be a fairly large group of advisers who missed out on the expe...

2 days ago

ASIC has secured travel restraint orders against a financial adviser while he is the subject of an investigation into alleged financial misconduct....

4 days 18 hours ago

Insignia Financial has unveiled a new operating model and executive team, including a new head of advice, while three senior executives are set to depart the licensee....

2 weeks 2 days ago

Analysis by Chant West of the annual performance of growth superannuation funds has uncovered which ones see the best performance....

1 week 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Ardea Diversified Bond F
144.00 3 y p.a(%)
3
Hills International
63.39 3 y p.a(%)