Summary

• Robo-advisory market projected to grow 600% by 2029
• Half of retail investors open to using AI tools, survey finds
• ChatGPT used by 13% of retail investors for stock selection

LONDON, 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 advisors just yet. Thanks to artificial intelligence, anyone can select stocks, monitor them and obtain investment analysis that was once only available to big banks or institutional investors.

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