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Study Reveals AI Chatbots Fail at Finance Advice

4/29/2025

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Summary

Story summary

A study by the Walter Bradley Center evaluated four AI chatbots on 12 finance questions.
ChatGPT achieved the highest score of 5 out of 12, while Google’s Gemini scored 1.5.
All chatbots delivered incorrect and overly detailed financial advice, frequently containing arithmetic mistakes.
Researchers caution against relying on AI for financial guidance due to their misleading confidence levels.

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Story summary

A study by the Walter Bradley Center evaluated four AI chatbots on 12 finance questions.
ChatGPT achieved the highest score of 5 out of 12, while Google’s Gemini scored 1.5.
All chatbots delivered incorrect and overly detailed financial advice, frequently containing arithmetic mistakes.
Researchers caution against relying on AI for financial guidance due to their misleading confidence levels.