Young Investors Trust AI for Financial Advice

Hi, I'm Matt. Welcome back to AI Street. This week’s edition is on the shorter side as I try to shake off a nagging cold. 😷 

The Rundown 

• Young Investors More Likely to Trust AI: Study

• AI Market Movers

• Anthropic Unveils “Computer Use”

• ICYMI: Interviews with Leading AI + Finance Experts

• SEC Names AI as Examination Priority

• AI Adoption in Financial Services

• RavenPack Launches AI-Powered Research Tool

INVESTING Young Investors More Likely to Trust AI for Investment Advice: Study

New research suggests that investors under 46 are more likely to follow AI-generated investment advice compared to older investors.

The study, conducted by University of Auckland Professor Gertjan Verdickt, surveyed 3,600 U.S. investors, asking them to predict the S&P 500’s return for the next year. Participants were then shown the same forecast (a 5% return), but were randomly told it came from one of the following sources:

• Goldman Sachs analysts

• Goldman Sachs analysts + AI

• Just AI

Participants were then asked if they wanted …