Business
AI For Personal Finance: Is Using ChatGPT, Gemini Or Grok The Right Choice?
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Grok, ChatGPT and Gemini are popular for personal finance advice, but experts warn AI lacks nuance and should be used as an assistant, not a sole adviser.
Using AI more as an assistant than an adviser would be a more prudent.
Many people have turned towards popular generative AI applications such as Grok, ChatGPT and Gemini to take personal finance advice regarding wealth management and investment. With the growing dependency on these applications in the general aspect of life, the PF part hasn’t remained untouched, either.
What used to be the domain of experts in the personal finance segment and wealth management is being done by an AI chatbot in peanuts and at the fingertips. Thus, alluring people to use them while seeking PF advice.
In fact, the AI companies are also focusing on building their chatbots to be useful and friendly in relation to financial and investment advice, though there are doubts still pertaining to the relevance and truthfulness.
Is it the right choice to use these chatbots to take personal finance advice?
Amol Joshi, founder, PlanRupee Investment Services told Moneycontrol that managing personal finance isn’t a one-time or ‘fill it, shut it, forget it’ activity. He further said that it requires careful product selection, keeping in mind your investment horizon and risk profile. “AI cannot practically take care of all these aspects end-to-end, he added.
Experts say that one needs to manage their portfolio regularly, and if one, they say, can’t do it by themselves, then he needs to seek professional help.
Nehal Mota, co-Founder & CEO, Finnovate as quoted by Moneycontrol said relying on AI for personal finance can be a good starting point but it isn’t the solution in itself.
AI tools are good at breaking down complex ideas into simple explanations, doing quick calculations, and comparing financial products. This is especially useful in India, where overall financial literacy is estimated to be around 27 percent.
They help people quickly understand basics such as SIP returns, insurance coverage, or tax slabs. However, personal finance decisions are highly personal and depend on many factors — income stability, family responsibilities, risk appetite, tax status, and long-term goals.
Studies suggest that behavioural biases — like panic selling, staying inactive for too long, or chasing short-term gains — account for nearly 60–70 percent of poor financial outcomes. AI has limited ability to address these emotional biases. Also, since tax laws, regulations, and product structures keep changing, AI-generated responses may not always capture the latest compliance requirements or finer details, Mota said.
However, using AI more as an assistant than an adviser would be a more prudent, several experts said.
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February 14, 2026, 14:32 IST
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Fan spending for Harry Styles’s 12-night run at Wembley Stadium is set to reach £1.1 billion despite ongoing cost-of-living pressures, figures suggest.
Ticket-holders are expected to spend a total of £981 on average attending the Together, Together tour – which is limited to London in the UK – including travelling to the venue, staying overnight, buying merchandise and other costs, according to a survey for Barclays bank.
The figure exceeds the average £848 spent by fans who flocked to Taylor Swift’s Eras Tour, and the average £766 on attending the Oasis Live ’25 shows, although these were both held across four UK locations, leading to lower travel costs.
Styles’ fans anticipate they will spend an average £102 on official tour merchandise, while nine in 10 will participate in a “fan trend” on the day with 63% planning to wear a Harry Styles-themed look.
A fifth (20%) will make sure their outfits are co-ordinated with their friends and 22% hope to create or exchange fan-made items with other fans.
Barclays said the event was set to be a “major cultural moment” as a million ticket-holders travel to London for the 12 dates beginning on June 12.
With just one other European tour location, in Amsterdam, Styles’ Wembley residency will be the most performances by any artist in a single year at the venue, which has a capacity of around 90,000 people for music events.
The survey found those going to the show spent an average of £143.20 on their ticket, with 19% saying this was more than they planned but 66% saying they would have been willing to pay more if needed.
Other expected costs include an average £141.20 on accommodation, £103.10 on transport and £103.10 on food and drinks before the show.
Some 28% of fans say they are planning other activities such as sightseeing and exhibitions while in London.
More than a quarter (27%) of ticket-holders view the concert as a once-in-a-lifetime experience, and 17% said FOMO (fear of missing out) played a part in their purchase.
Almost 74% of those polled said getting tickets to sold-out or in-demand events now felt like a status symbol.
Tom Corbett, managing director of sponsorship and client experience at Barclays, said: “This tour shows just how powerful live entertainment can be, benefiting consumers and businesses alike.
“‘Concert tourism’ is on the rise because of the extent to which people value unique, shared experiences – so much so that they’re willing to invest in them even when cutting back elsewhere, and to travel to see their favourite artists perform.”
Opinium surveyed 2,000 respondents, and an additional 200 ticket-holders, between April 28 and May 1.
A sign sits outside of the Centers for Disease Control and Prevention (CDC) Roybal campus in Atlanta, Georgia, U.S. March 18, 2026.
Megan Varner | Reuters
One American has tested positive for Ebola in the Democratic Republic of Congo in connection to the deadly outbreak in central Africa that global health agencies are racing to contain, the Centers for Disease Control and Prevention said on Monday.
The person was exposed as part of their work in Congo, developed symptoms over the weekend and tested positive late Sunday, Dr. Satish Pillai, the CDC’s Ebola response incident manager, told reporters on a call. The CDC and State Department are working to move that individual and six other Americans exposed to Ebola to Germany for treatment, care and monitoring.
But Pillai emphasized that no cases tied to the outbreak have been confirmed in the U.S., and that the overall risk to the American public and travelers remains low.
Still, the CDC also announced on Monday that for the next 30 days, it will restrict entry into the country for people without a U.S. passport who were in the Democratic Republic of the Congo, South Sudan or Uganda in the last three weeks.
The update came one day after the World Health Organization declared the Ebola epidemic a “public health emergency of international concern.” The outbreak does not meet the criteria of a “pandemic emergency,” but the WHO warned that the high positivity rate and increasing cases and deaths point toward a “potentially much larger outbreak” than what is being detected and reported.
As of Sunday, more than 300 suspected cases and 88 suspected deaths have been reported, primarily in Congo but also in neighboring Uganda, according to the CDC.
The specific virus involved in this outbreak, called Bundibugyo, has no vaccine or treatment. Historically, that virus has death rates ranging from 25% to 50%, the CDC added.
But agency officials told reporters on Monday that work is underway to develop a monoclonal antibody therapy as a potential treatment for this specific strain of Ebola.
Musk’s loss against OpenAI is the latest in a string of courtroom defeats.
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