From MIT: AI financial advice is surprisingly good

MIT researchers found that artificial intelligence provides surprisingly sound financial advice, with people following AI recommendations showing significant savings accumulation across most age groups. The AI consistently encouraged smart behaviors like regular saving, diversified stock investment, and age-appropriate risk reduction, though it performed less effectively with unexpected events like unemployment and lacked active portfolio rebalancing. The quality of AI financial guidance improved substantially when users provided more detailed, structured information in their prompts.