{"id":1016417,"date":"2026-06-23T10:30:22","date_gmt":"2026-06-23T05:00:22","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1016417"},"modified":"2026-06-23T10:30:22","modified_gmt":"2026-06-23T05:00:22","slug":"ai-is-a-tool-not-an-authority-relying-on-ai-for-financial-advice-key-risks-investors-should-know","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/23\/ai-is-a-tool-not-an-authority-relying-on-ai-for-financial-advice-key-risks-investors-should-know\/","title":{"rendered":"&#8216;AI is a tool, not an authority&#8217;: Relying on AI for financial advice? Key risks investors should know"},"content":{"rendered":"<p>The use of AI for financial guidance has risen sharply in recent years. In the United Kingdom, around 28 million adults used artificial intelligence tools for personal finance advice last year, according to Lloyds Banking Group.<\/p>\n<p>However, experts caution that AI-generated advice may not always be practical. Danilo McGarry, an AI adviser to the Chartered Institute of Personnel and Development, told Financial Times, that when an user asked a chatbot to help in reducing their tax bill, the AI bot suggested moving to Monaco,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The use of AI for financial guidance has risen sharply in recent years. In the United Kingdom, around 28 million adults used artificial intelligence tools for personal finance advice last year, according to Lloyds Banking Group. However, experts caution that AI-generated advice may not always be practical. Danilo McGarry, an AI adviser to the Chartered Institute of Personnel and Development, told Financial Times, that when an user asked a chatbot to help in reducing their tax bill, the AI bot suggested moving to Monaco,<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-1016417","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1016417"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016417\/revisions"}],"predecessor-version":[{"id":1016419,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016417\/revisions\/1016419"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1016417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1016417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1016417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}