TribeAI · 1/7
Can you use ChatGPT for investing advice? The FCA says it does not regulate advice from general-purpose AI tools, so users lack FSCS or FOS protection.
TribeAI · 2/7
Almost half (44%) mistakenly believe that AI-generated financial information is regulated.
TribeAI · 3/7
Around a third (32%) wrongly think they would get compensation from the FSCS or Financial Ombudsman Service if AI advice went wrong.
TribeAI · 4/7
Almost three quarters (73%) know that AI can provide inaccurate information.
TribeAI · 5/7
Compensation.
TribeAI · 6/7
The FCA says general-purpose AI tools are not regulated by it in the way that regulated financial advice from an authorised professional adviser is.
TribeAI · 7/7
Educational content, not investment advice. Full article and sources below.
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