Read full article about: Millions already use AI chatbots for financial advice, but experts warn of clear limits
Millions of people are already using chatbots like ChatGPT for retirement planning, the Financial Times reports. In a Lloyds Bank survey, more than half of respondents used AI for financial advice. However, experts point to clear limitations, including the UK's Financial Conduct Authority, which recently cautioned against AI hallucinations.
A test by Which? in November, for example, showed that popular chatbots like ChatGPT, Gemini, Perplexity, and Meta AI achieved overall scores of only 55 to 71 percent. Still, the pressure on the financial industry is significant: pension providers like Scottish Widows are now developing their own AI tools.
"I think that's the danger of AI is that people will assume they know what they don't," warns JPMorgan strategist John Bilton. According to Bilton, if users treat AI as an investment tool rather than a data tool, it risks making "underlying behavioural biases — such as the tendency to hold too much in cash or trade too often — stronger."
A counterexample is a 41-year-old software engineer who had ChatGPT restructure his entire $200,000 portfolio. ChatGPT advised him to diversify his risk exposure: 80 percent into a broad market equity index tracker and the remainder into a bond ETF. He told the Financial Times that speaking with the chatbot helped him to "commit to and actually execute" his plan.
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Read full article about: Indian Adani group plans $100 billion bet on AI data centers powered by renewable energy
Indian conglomerate Adani plans to invest roughly $100 billion in AI-capable data centers powered by renewable energy by 2035. The Adani Group is a major conglomerate with business operations spanning ports to energy. According to Reuters, the company expects the investment to trigger an additional $150 billion in related industries like server manufacturing and cloud platforms - creating a $250 billion AI infrastructure ecosystem in India.
Adani aims to expand its data center capacity from 2 to 5 gigawatts. On top of that, the company is putting $55 billion into renewable energy. Adani already works with Google and is building a second AI data center with Walmart subsidiary Flipkart. Amazon, Meta, Microsoft, and Reliance are also investing in India's AI infrastructure. The announcement came during the India AI Impact Summit 2026.
Over 100 fake citations slip through peer review at top AI conference
An analysis of nearly 5,000 accepted research papers from the AI conference NeurIPS 2025 uncovered more than 100 fabricated citations – despite review by multiple experts.