UK consumers warned over AI chatbots giving inaccurate financial advice

The Guardian TechnologyTuesday, November 18, 2025 at 6:00:26 AM
NegativeTechnology
UK consumers warned over AI chatbots giving inaccurate financial advice
  • A study conducted by Which? has highlighted significant inaccuracies in financial advice provided by AI chatbots such as ChatGPT and Microsoft's Copilot. These chatbots have been found to give misleading information on critical financial matters, including tax and insurance, which could lead consumers to make poor financial decisions.
  • This development raises concerns about the reliability of AI technologies in providing financial guidance. As consumers increasingly rely on these tools, the potential for misinformation could undermine trust in AI applications and lead to financial losses for users.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Meta is spending millions on bug bounties and security tools to boost WhatsApp security
PositiveTechnology
Meta is investing millions in new security tools and an expanded bug bounty program to enhance the security of WhatsApp. This initiative aims to address vulnerabilities and improve user trust in the platform.
Meta's New AI Models Aren't Llamas, but They Are Used in Wildlife Conservation Research
NeutralTechnology
Meta has introduced SAM 3, a new AI model focused on visual intelligence, which enhances the ability to identify specific objects within images. This technology is being utilized in wildlife conservation research, showcasing its potential applications beyond traditional tech uses.
I interviewed a woman who fell in love with ChatGPT — and I was surprised by what she told me
PositiveTechnology
Mimi shares her experience of finding companionship and healing through ChatGPT, highlighting the emotional support it provided during a challenging time. Her story raises important questions about the role of technology in addressing loneliness and the nature of care in human-technology interactions.
Major Cloudflare outage took down ChatGPT, X, and Spotify Tuesday - here's what happened
NegativeTechnology
A major outage at Cloudflare on November 18, 2025, caused significant disruptions across the internet, affecting major platforms such as ChatGPT, X, and Spotify. Users reported difficulties accessing these services, leading to widespread frustration. The incident raised concerns about the reliability of cloud services, particularly as it followed a recent outage at AWS. Cloudflare's role as a key provider of web security and infrastructure has come under scrutiny as a result of this incident.
Meta has won the antitrust case that could have forced it to spin off Instagram and WhatsApp
PositiveTechnology
Meta has successfully won an antitrust case that could have required the company to divest its popular platforms, Instagram and WhatsApp. A federal judge ruled in favor of Meta, dismissing the Federal Trade Commission's (FTC) allegations that the company held a monopoly in social media. This ruling is seen as a significant legal victory for Meta, allowing it to retain ownership of these key assets.
Meta Defeats FTC’s Antitrust Case Alleging Social-Media Monopoly
PositiveTechnology
A federal judge ruled in favor of Meta, the parent company of Facebook, rejecting the FTC's antitrust case that sought to unwind its acquisitions of Instagram and WhatsApp. The ruling signifies a significant legal victory for Meta, allowing it to maintain its ownership of these popular social media platforms without facing forced divestiture. This decision comes amid ongoing scrutiny of large tech companies and their market practices.
Meta Chief Revenue Officer Is Leaving to Form Own Startup
NeutralTechnology
John Hegeman, Meta's Chief Revenue Officer, is leaving the company to start his own venture after nearly two decades of working on monetization and the Facebook app. His departure marks a significant change in leadership at Meta, which is currently navigating challenges in its business strategy.
Cloudflare Down, Disrupts A Chunk of the Internet
NegativeTechnology
Cloudflare experienced a significant outage today, causing disruptions for users across various platforms, including X and ChatGPT. Many users encountered error messages, raising questions about the reliability of Cloudflare's services. The outage coincided with scheduled maintenance, leading to speculation about a potential connection. This incident highlights the critical role Cloudflare plays in the internet infrastructure, as many services rely on its network for stability and performance.