AI Can Analyse Your Investments, But Should You Trust It With Your Money?
Outside his role as Chief Product Officer at aviation strategy firm SimpliFlying, Shubhodeep Pal enjoys building vibe-coded, AI-powered apps for himself. When the investor in him wanted to “take the whimsy out” of his investment strategies, he turned to AI. “AI built the system within days under my guidance, complete with data, signals, even a back-test going as far as 2018,” he recalls. “On the…
AI has the capability to analyze investments, but should investors trust it with their money? One investor, Shubhodeep Pal, uses AI to refine his investment strategies, carefully reviewing every trade. He acknowledges that AI can be "wrong while sounding wise." Pal's approach highlights a key lesson for many retail Indian investors who rely on generic AI tools like ChatGPT, Claude and Gemini.
These tools, which are widely used in India, can aid research but cannot provide meaningful financial advice without understanding the user's profile and risks. Experts warn that generic AI tools lack the ability to predict markets, handle risks, or provide personalized guidance. Instead, they recommend seeking advice from regulated AI platforms that consider personal financial profiles, risk tolerance, and market conditions.
While AI can enhance productivity and monitoring, it should not replace human judgment in major financial decisions.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
