Saturday Star

Investing through robo-advisers not foolproof

Generative artificial intelligence (AI) tools like ChatGPT bring powerful capabilities to the man on the street and have the potential to revolutionise everything from the way we walk to the way we talk. But the underlying infrastructure behind disruptive technology in financial planning is nothing new.

Adaptive online platforms powered by AI, commonly referred to as robo-advice, have steadily increased their market share over the years.

According to a Market Insights Report from Statista, the robo-adviser market in South Africa is experiencing significant growth, with an increasing number of consumers

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