AI agents want to manage our money: Should we let them?

InvestorDaily

Finer-grained consent and controls are needed for AI agents to become trusted personal banking assistants. Money – or at least its mismanagement – is often said to ruin relationships, friendships and even people. In that context, the desire to start outsourcing money management to AI agents, including allowing agents to initiate as well as execute transactions, is an interesting proposition for the human-AI coexistence era.

On the one hand, it points to the, some might say, natural evolution of AI agents to become even more trusted extensions of ourselves. For example, AI agents are already increasingly being used for “companionship, reassurance and mental health advice”. The evolution from personal therapist to personal finance manager is not a big leap. There’s already a desire from proponents for the money-handling capabilities of AI agents to be more advanced than what’s permissible today.

The rest of this article can be found at investordaily.com.au.