Editor's view: AI reward outweighs the risk for savvy financial advisers

The editor's Friday Night Takeaway from 31January

Jen Frost
clock • 5 min read

AI has been the theme of the week, but even as hype around Deepseek rattled tech stocks, advisers continue to be slow adopters of the technology.

Deepseek, a free to use large language model (LLM) platform said to rival ChatGPT's capabilities on a fraction of the cost to develop and run, propelled itself into the public eye in recent days and drove an AI stock rout. AI chip darling and tech giant Nvidia's share price plummeted near 17% on Monday in a record Wall Street market-cap fall, perhaps unsurprisingly as support banks on it being an integral piece in an expensive AI goldrush. That said, as commentators have pointed out, if the models get cheaper to develop and run then manufacturers and suppliers may yet see a surge in d...

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