Top Chatbots Are Giving Horrible Financial Advice

Watch out. Wrong Dot Com Despite lofty claims from artificial intelligence soothsayers, the world's top chatbots are still strikingly bad at giving financial advice. AI researchers Gary Smith, Valentina Liberman, and Isaac Warshaw of the Walter Bradley Center for Natural and Artificial Intelligence posed a series of 12 finance questions to four leading large language models (LLMs) — OpenAI's ChatGPT-4o, DeepSeek-V2, Elon Musk's Grok 3 Beta, and Google's Gemini 2 — to test out their financial prowess. As the experts explained in a new study from Mind Matters, each chatbot proved to be "consistently verbose but often incorrect." That finding was, notably, almost identical to Smith's assessment last year for the Journal of Financial Planning in which, upon posing 11 finance questions to ChatGPT 3.5, Microsoft’s Bing with ChatGPT’s GPT-4, and Google’s Bard chatbot, the LLMs spat out responses that were "consistently grammatically correct and seemingly authoritative but riddled with ar ... Read full article.