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'ChatGPT, what stocks should I buy?' AI fuels boom in robo-advisory market

SummaryCompaniesRobo-advisory market projected to grow 600% by 2029Half of retail investors open to using AI tools, survey findsChatGPT used by 13% of retail investors for stock selectionAn AI-selected stock basket outperformed UK's top fundsLONDON, Sept 25 (Reuters) - As ChatGPT nears its third birthday, at least one in 10 retail investors is using a chatbot to pick stocks, fuelling a boom in the robo-advisory market, but even fans say it is a high-risk strategy that cannot replace traditional ...

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