Large language models (LLMs) provide surprisingly good financial advice, especially when users ask specific, well-structured questions that reflect life-cycle planning and portfolio theory. However, their advice often fails to adjust to shocks like unemployment and can lead to portfolios drifting rather than actively rebalancing. AI summary
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Chip stocks have plummeted in the US and Asia, with major firms like Samsung Electronics and SK Hynix falling by over 13%, amid growing concerns about artificial intelligence (AI) spending and its potential returns. The decline is attributed to a sell-off in AI-related stocks following a report that Nvidia is in talks to invest $250 billion in OpenAI. As a result, Apple has overtaken Nvidia as the world's most valuable company. AI summary