Robo advisors are old hat. In the past, these small programs helped the bank advisor in the background to put together the right portfolio for his customers. Today there are some robo-advisors where the customer can independently set how willing he is to take risks, what amount of money he wants to invest and what investment horizon he has. So far so good. But what does it actually look like when you find out about investing with one of the numerous artificial intelligences that can currently be found primarily in the form of chatbots?
Let’s ask ChatGPT, the language model of the artificial intelligence of Open AI, which is on everyone’s lips at the moment: “I would like to conduct an interview with you about investment topics”, I jump in directly – why waste time? ChatGPT replies politely: “I’m very happy to be at your disposal for an interview on investment topics.” So let’s get started. What does the perfect investment model look like for me, I want to know. And the first bitter disappointment follows: “As an AI model, I am not in a position to give personal investment advice or make individual recommendations,” the artificial intelligence writes to me.