Who's liable for bad personal finance advice from AI?
CNBC Television·2026-04-09 20:00

right now uh you know we have something called fiduciary financial advice which is a legal term that basically says that the financial adviser is putting your best interests ahead of their own but there's not really the equivalent of that when it comes to AI and so if things go wrong and you get bad advice from an AI like who is liable in that circumstance >> that's a fantastic question and unfortunately the answer is no one. So when you sign up to use LLMs, you're signing away all sorts of rights and respo ...

Who's liable for bad personal finance advice from AI? - Reportify