Andrew Goodwin: Why AI is far from the cat's whiskers for financial advice

Why would someone trust AI to plot their financial future when it can't even get a daft snapshot of a cat right?

clock • 4 min read

Andrew Goodwin explains (and illustrates with a cute cat picture) why he continues to advocate a "best of both worlds" approach to AI...

An acquaintance of mine belatedly discovered the wonders of ChatGPT a few weeks ago. Finally able to revel in the awesome power of artificial intelligence, he thought long and hard about how to harness its mind-boggling might. He eventually decided to generate some amusing images of his cat. Hey, we've all been there. Needless to say, this sort of exercise hardly pushes cutting-edge AI to its limits. Yet it proved sufficient to demonstrate what's good and what's bad about the technology that's rapidly reshaping our lives, our industry and the wider world. The first challenge was to...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

Ahmed Bawa: AI must support, not replace, advisers

Ahmed Bawa: AI must support, not replace, advisers

'Just because AI can - in theory - perform a particular role, we need to ask whether it's a good idea'

Ahmed Bawa
clock 05 August 2026 • 4 min read
Mills' AI market power warning – is this the Uberisation of advice?

Mills' AI market power warning – is this the Uberisation of advice?

'The Mills Review stated the threat and now is the time to respond'

Joseph Twigg
clock 05 August 2026 • 4 min read
Is this it? What CEOs need to see from AI

Is this it? What CEOs need to see from AI

The public conversation about AI and jobs has been oddly naive. On one side, existential panic about mass unemployment. On the other, breezy reassurances that AI just makes us all a bit more productive. Both miss the point, writes Samantha McBride

Samantha McBride
clock 04 August 2026 • 3 min read