Wealthy use AI for financial decisions

Results from a survey conducted by HSBC Holdings show that wealthy individuals prefer to rely on human advisors when making investment decisions, with 62% of them relying on human advisors, while only 12% are influenced by artificial intelligence. Meanwhile, Generation Z and Millennials tend to blend AI with human advisors, as 98% of investors in the UAE use AI in some aspect of their financial lives. Experts confirm that AI is currently mainly used to support human advisors rather than replace them, with expectations that the financial sector will increasingly adopt AI tools in the future.

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