Hello everyone, I have recently joined this community in hopes to find some answers. I am currently building an AI powered financial assistant and wondered what the world thinks about this idea.
If you could, would you use an AI powered financial assistant?
God that is frightening. Iād rather go back to an Abacus and quill.
[Never really had either but you know what I mean].
R-
This, this and more this. I donāt even want it on my desktop never mind my bank account.
OK, so my reply was somewhat tongue-in-cheek. Iād be interested to know what, exactly, the app will be designed to do and why it needs to be powered by AI.
Personally, I donāt feel that I need any sort of financial assistant, real or otherwise, so my answer would still be ānoā.
Exactly that. In any case, the answer is no, but for the sake of the thread, Iād be interested in the thinking of the OP.
I appreciate that. If you donāt mind me asking, what you were objections were against having an AI assistant in your pocket?
Oh this is wonderful! I know how it is, sometimes you see a post and have the perfect reply haha.
Honestly, for me at first it did feel odd but after some time the concept kinda makes me wonder if there are things besides finances AI could be helpful with.
It makes a pretty awesome way to interact with your finances. On a high level the app will be designed to help you reach financial freedom. On a feature level itāll be mainly focused around a chatbot (of course for now). The cool part is connecting your bank account which makes the entire process personal.
Imagine quick questions that could be answered in a tailored way for you at anytime, anywhere.
Also the AI Iām building will be backed by real people so whenever you needed you could get connected with someone that could give you an even more in depth solution.
Also, this cost would be significantly less than say going directly to an advisor. Iām aiming to charge $5.99 a month for full access.
Just out of curiosity I presume you take care of your own finances and so itās a ānoā no matter itās an AI or real person?
Mmmm that sounds personal, you donāt like AI overall?
Ok thatās hilarious!
Haha just out of curiosity what about it scares you the most?
In fairness, Iāve had some customer service interactions with actual humans which have been almost as farcical. Mostly with Virgin Media.
My favourite was when I realised my inlaws were still paying for an analogue cable TV service in 2012, even though Virgin Media had discontinued the service in 2009. There was no telling the poor chap in the south Asian call centre - he was convinced the service was still going, and no amount of trying to get him to understand the concept of a ādigital switch overā helped. My favourite bit was when he started listing the channels they were paying for - including Granada Plus (which closed in 2003).
I wouldnāt say personal, it is just the latest technology grift to fill the void now that crypto is pretty much over. So far it has yet to do anything but absorb (read: steal) the works of mankind to produce meaningless slop with no emotion or intention.
Frankly Iām a bit bored of the technology world trying to force something on us that doesnāt work but costs a lot of money and resources that could be better spent on things that matter. LLMs are just the new proof-of-work crypto for 2023/24.
Thankfully, I think the āmoneyā side of the equation is starting to realise they might as well throw the cash into a volcano, because theyāre not going to see any of it again.
Phew, I needed that. Thanks. 
I would assume AI would be used in lieu of customer services ?
What do you mean itās the new proof of work?
I think so, it does open up avenues where you would otherwise need a lot of resources to execute. But beyond customer service which would also need human intervention at some point AI is really good at interacting with the computer naturally and thatās really it. So any berrier where thereās a lot of technical know how can be reduced by automating it to some degree. This is what Iām learning so far but letās see what my research shows
I mean it is a massively resource-intensive distraction that ultimately achieves nothing. It helps Nvidia sell a lot of GPUs I guess.
