ChatGPT Emerges as Key Influencer for UK Investors

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UK investors are increasingly turning to chatbots and robo-advisors for financial advice, according to findings from the annual Investor Index survey. Approximately 73% of UK investors believe that the AI chatbot, ChatGPT, could provide reliable financial advice in the future, with 42% of younger investors already using it. The study also found that 46% of UK investors believe that robo-advisors are the future of investing, with 34% preferring them over human financial advisors.

The study also reveals that younger people are struggling to afford property due to the cost of living crisis, with 59% stating it is stopping them from purchasing a home. As a result, 72% of all UK investors consider property to be the ultimate investment, while demand for better deals has led 69% of investors to shop around and consider new financial providers.

Investors are also turning away from ethical investing, with just over one-third of UK investors (38%) stating that ESG investments were important to them, down 6% from 2022. The study also found that there has been a drop in prioritising vegan-friendly investments (16%) and LGBTQ+ focused causes/investments (4%). The demographic least focused on ethical investing is people aged 65 and over, with only 24% considering ethical investments a priority.

The study also revealed that investors are relying more on their own research, with 54% adopting a self-reliant approach, up 11% from last year. Approximately 29% of investors who have never paid for financial advice believe that they can get all the information they need online. The findings suggest that investors are looking to invest in new green initiatives and future-focused tech solutions like AI and robotics, with less belief in the likely return from areas such as vegan and LGBTQ+ friendly investments.

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The Investor Index survey was conducted among 1100 UK adults aged 18 and over with at least £10,000 invested, and jointly conducted by London-based communications agency AML Group and research and planning experts, The Nursery. The study has become a rigorous barometer of investor behaviour based on hard data and is now in its fourth year.

Frequently Asked Questions (FAQs) Related to the Above News

What percentage of UK investors believe that ChatGPT could provide reliable financial advice in the future?

Approximately 73% of UK investors believe that ChatGPT could provide reliable financial advice in the future.

How many UK investors prefer robo-advisors over human financial advisors?

According to the Investor Index survey, 34% of UK investors prefer robo-advisors over human financial advisors.

What is the ultimate investment for 72% of all UK investors?

According to the study, 72% of all UK investors consider property to be the ultimate investment.

What is the percentage of UK investors who think that ESG investments are important to them?

According to the Investor Index survey, just over one-third of UK investors (38%) stated that ESG investments are important to them.

How many investors are relying more on their own research?

The study revealed that 54% of investors are adopting a self-reliant approach, which is up 11% from last year.

What is the demographic least focused on ethical investing?

According to the study, people aged 65 and over are the demographic least focused on ethical investing, with only 24% considering ethical investments a priority.

What kind of initiatives and solutions are investors looking to invest in?

The findings suggest that investors are looking to invest in new green initiatives and future-focused tech solutions like AI and robotics.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Aniket Patel
Aniket Patel
Aniket is a skilled writer at ChatGPT Global News, contributing to the ChatGPT News category. With a passion for exploring the diverse applications of ChatGPT, Aniket brings informative and engaging content to our readers. His articles cover a wide range of topics, showcasing the versatility and impact of ChatGPT in various domains.

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