Artificial intelligence (AI) comes to stay. Since Chatgpt, from Openai, was massified in 2022, companies began to invest billions of dollars in similar systems and users began using algorithms of this class more and more. Consequently, The financial market started to experience a deep change.
For example, today, investors who save and invest in the long term, who are obliged to rebuild your wallets every year, six months or by quarter, they can Use artificial intelligence to perform this task in a much simpler and faster way.
“Today, you can schedule an agent to help you do that job in a second if you have a certain degree of knowledge. You give the guidelines and can do any free version of Chatgpt or Gemini. With its corresponding prompt, any of those can help you,” he said Mariano Pantanettiexperienced financial advisor and author of the book “Artificial intelligence applied to finances”.
According to the specialist, artificial intelligence also came to modify the growth expectations of the technological sector and the projections of potential returns.
In the present, there are Stock Exchange Funds (ETF, for its acronym in English) of companies that offer AI servicessuch as Microsoft, Alphabet, etc. “You are investing in assets that can grow based on how the artificial intelligence market grows,” Pantanetti explained.
And then, there are other funds in which artificial intelligence is used to challenge or assemble an automatic portfolio based on brute force and the power generated by artificial intelligence to work that a human being can do.
For Pantanetti, artificial intelligence is generating a revolution as the locomotives did in the 18th century Or computer science in the 1970s. “You have at the doors an opportunity to say: ‘Well, I invest in artificial intelligence and in 10 years I can have a lot of money if that industry grows,” he said.
How artificial intelligence impacts financial advice
Unfortunately, the arrival of AI could play something against the financial advisors and planners. “The AI will become a challenge for human financial advisors. When it comes to database analysis, it is very difficult to compete against machines, since the data processing capacity is monstrous. If we add to that we add the improvements that have been giving around the reading of the social networks and their interpretation by these, the issue is even more relevant,” he said Germán Marinfinancial operator and advisor and book co -author “Financial Options: Strategies to operate in the Argentine market “.
“But some observations can be made. On the one hand, the traditional advisor can ally, make very helpful use of this tool facilitating, and making more efficient, the recommendations for their customers,” he added.
Even so, according to the Executive, despite the benefits of artificial intelligence, There will still be some reluctance to be based exclusively on a machine’s opinions.
“The human factor in relationships with investors is very important. We all know that the advisor becomes many times in a psychologist. Therefore, stock market patients always expect opinions that go beyond pure and hard data analysis,” Marin concluded.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
