Study shows you might not want to use Google’s AI when it comes to finance

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October 21, 2024 by Leave a Comment

Google

Maybe don’t ask AI questions when it comes to your finances. Matt G. Southern posted over at SearchEngineJournal.com about a study by The College Investor.

Out of 100 personal finance searches, 43% had misleading or incorrect information.

I have noticed this myself, I was not asking AI overview a question but it showed up on top of a search query. I was like that’s not right, and it’s not a hard question.

From the study:

Key Findings

The study evaluated AI overviews across various financial topics, including banking, credit, investing, taxes, and student loans.

The results showed:

  • 57% of AI overviews were accurate
  • 43% contained misleading or inaccurate information
  • 12% were completely incorrect
  • 31% were either misleading or missing crucial details

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Raymond is a writer, domain trader and consultant based in Pennsylvania. Raymond is the founder of 3Character.com and TLDInvestors.com.

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