UK consumers warned over AI chatbots giving inaccurate financial advice
by Robert Booth UK technology editor from Technology | The Guardian on (#71HV5)
Which? study of ChatGPT, Copilot and others uncovers incorrect and misleading tips on investments, tax and insurance
Artificial intelligence chatbots are giving inaccurate money tips, offering British consumers misleading tax advice and suggesting they buy unnecessary travel insurance, research has revealed.
Tests on the most popular chatbots found Microsoft's Copilot and ChatGPT advised breaking HMRC investment limits on Isas; ChatGPT wrongly said it was mandatory to have travel insurance to visit most EU countries; and Meta's AI gave incorrect information about how to claim compensation for delayed flights.
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