Part 3/10:
Further supporting this trend, a survey by Finder found that 40% of UK traders already utilize chatbots for financial advice. In an experiment conducted by Finder in March 2023, ChatGPT curated a basket of 38 stocks that surged 55%, outperforming the UK's top 10 mutual funds by nearly 19 percentage points. While these results are promising, skeptics argue that such performance may involve higher risk and that the AI’s success could be due to tailored simulations rather than real-world, risk-adjusted investing.