I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some many rehab. Would you let a robot make financial decisions for you? And this isn't hypothetical.

Most if not all of the big brokers offer users programs where they can have their money invested by what they call

Robo Advisors.

At first that concept might make you feel a little uncomfortable, right?

I mean, it's your hard-earned money,

and if you were going to get help, making investment decisions,

you might think that you would want help

from an actual human who understands the emotional significance of money.

But actually, you don't.

While stock trading by artificial intelligence or AI

sounds sophisticated and complicated,

just think of it as investments executed by computers.

And it's really common. It's estimated that between 60 and 73% of all US equities trading is conducted using AI algorithms.

I'll say that again for the folks in the back.

It's estimated that between 60 and 73% of all US equities trading is conducted by AI algorithms. I've found that a lot of people are

surprised by that figure and assume that there are just more humans in the market, but no, it's robots. So the majority of investing on Wall Street

happens via AI. But what does that actually mean? It doesn't mean that

chat GBT is making our investments for us and side note for those of you

who have been living under a rock like I occasionally do chat gbt is an AI chatbot that has

become an internet sensation people are are using chat geevT

for all sorts of things that may or may not be kosher, like prompting the

...