Study Shows You Might Not Want to Use Google’s AI When It Comes to Finance

Posted on the 21 October 2024 by Worldwide @thedomains

Maybe don’t ask AI questions when it comes to your finances. Matt G. Southern posted over at SearchEngineJournal.com about a study by The College Investor.

Out of 100 personal finance searches, 43% had misleading or incorrect information.

I have noticed this myself, I was not asking AI overview a question but it showed up on top of a search query. I was like that’s not right, and it’s not a hard question.

From the study:

Key Findings

The study evaluated AI overviews across various financial topics, including banking, credit, investing, taxes, and student loans.

The results showed:

  • 57% of AI overviews were accurate
  • 43% contained misleading or inaccurate information
  • 12% were completely incorrect
  • 31% were either misleading or missing crucial details

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