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Could ChatGPT replace advisers?

Another forgotten tech trend?

Some in the advice profession are hesitant to jump on the ChatGPT bandwagon when they look back at the trail of forgotten tech trends which have grabbed headlines over the years.

Founder of OpenMoney, Anthony Morrow, acknowledged the “hyped excitement” around the AI chatbot, but said this is usually the case with a new tech breakthrough.

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“Take blockchain. Years ago, people said it would change the entire whole world. But now it looks like it will be what it intended, an accurate ledger with companies and accountants being the beneficiaries.

“What’s happened to the Internet of Things? And the metaverse? That’s gone down the pan. There was all this copy around needing to embrace it and customers living as avatars, now what?”

But for Morrow, the main concern is who sits behind the data set ChatGPT is based on.

“One of the problems these chatbots have is they come off a handful of data sets, and the owners can’t ensure there aren’t any inherent biases,” Morrow explained.

“What you put in will determine what comes out. You need someone to support the output. How do you differentiate yourself?”