In the Media

Prof. Andrew Lo speaks with Wall Street Journal reporter Peter Coy about why he feels current AI systems aren’t suited to serving as financial advisors and his goal to create “an AI financial adviser that is a true fiduciary—namely, an entity that always puts the client’s interests first and tailors its advice to their particular needs, including emotional needs.” Lo notes that: “The AI people are using now can be dangerous, especially if the user isn’t fully aware of the biases, inaccuracies and other limits” of large language models.