Can ChatGPT Plan Your Retirement? - Exploring AI's Potential in Financial Advice

Explore the potential and limitations of large language models (LLMs) in providing trusted financial advice in this 16-minute TEDxMIT talk. Delve into three key features necessary for LLMs to offer reliable guidance: domain-specific expertise, personalized advice tailoring, and adherence to ethical standards. Examine how these challenges apply across various industries, including medicine, law, and education. Use financial advice as a test case to identify current LLM shortcomings and potential solutions. Gain insights from Andrew Lo, a distinguished MIT professor and researcher, as he discusses the intersection of artificial intelligence, finance, and systemic risk in the financial system.