AI, but not AI

Robo-advisors are an inevitability. Let me qualify that a little bit. I'm talking specifically about general personal finance advice and mutual fund investment advice, which are almost certain to be increasingly delivered by robo-advisors. When I say robo-advisors, I mean an automated, software-driven replacement for a real human advisor. However, there's a caveat to this that will surprise most of my readers: By robo-advisors, I do not mean 'AI', at least not in the sense that the term is used today. Specifically, I do not mean AI driven by large language models (LLMs). Suggested read: The unpredictable revolution of AI Let me explain the two points I have made. A vast majority of mutual fund investors need someone's advice. This is especially true when they are starting to invest. However, at that stage, the money they are investing is simply not enough to make it economical for them to receive personal, human advice from a high-calibre, competent advisor. This creates a significant barrier to entry for many pote