Can AI answer your money questions? We put chatbots to the test
Face it, we could all use a little help with our money. So who better to ask for personal finance advice than a couple of the most powerful chatbots on the planet?
Both OpenAI's ChatGPT and Google's Bard are dominating headlines recently, for their generative capabilities and vast storehouses of information. Each has far more processing power than, say, any individual personal finance writer (ahem).
That in mind, we asked our AI assistants-slash-overlords these classic personal finance questions:
What is one great business idea?
Entrepreneurs are always looking for the Next Big Thing. On this matter, ChatGPT was surprisingly specific: "One idea could be to start a subscription-based meal delivery service that caters to customers with specific dietary needs or preferences, such as vegan, gluten-free, or low-carb diets."
Bard does not seem to like limiting itself to one option, even when asked to do so – it prefers lists. It threw out a whole slew of ideas, including dog walking, translation, “website flipping" and even working as a virtual assistant.
What one town should I move to, to save the most money?
With the rise of remote work in the pandemic era, many Americans have considered relocating to lower-cost locales. ChatGPT singled out Fort Wayne, Indiana, and Knoxville, Tennessee, praising both for their affordability and growing job markets.
Bard also likes Fort Wayne, but added a few other contenders: Henderson, Nevada; Sioux Falls, South Dakota; Wichita, Kansas; and Oklahoma City.
What one dividend stock is the most attractively valued?
While stressing that as an AI language processor it “cannot provide personalized investment advice or predict stock performance,” ChatGPT praised telecommunications giant AT&T for its cheap
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