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'ChatGPT, what stocks should I buy?' AI fuels boom in robo-advisory market
Reutersยท 2025-09-25 05:03
Core Insights - As ChatGPT approaches its third anniversary, it is reported that at least 10% of retail investors are utilizing chatbots for stock selection, indicating a significant growth in the robo-advisory market [1] - Despite the increasing adoption of chatbots for investment decisions, even proponents acknowledge that this approach carries high risks and cannot yet replace traditional financial advisors [1] Industry Trends - The rise of chatbot usage among retail investors is contributing to a boom in the robo-advisory sector, reflecting a shift in how individuals approach stock picking [1] - The trend suggests a growing acceptance of technology-driven investment strategies, although caution is advised regarding their reliability compared to conventional advisory services [1]