Young investors trust AI more than TV or celebrities

Four in 5 less experienced investors have used AI for help with investing – and around two-thirds report doing so occasionally or regularly. New research focused on 18- to 40-year-olds who own or are considering investments showed that 56% trust AI tools, more than TV and radio (47%), press (46%) or social media influencers (29%).And people are getting more comfortable, with two-thirds expecting to lean on AI even more over the next year.But the research from the FCA also revealed that these investors may be misunderstanding the level of protection if they rely on AI to support their investing decisions:Almost half (44%) mistakenly believe AI-generated financial information is regulated.More than 1 in 3 (38%) believe it’s fine to make an investment decision based solely on the outputs of AI.Around a third (32%) wrongly think they'd get compensation from the Financial Services Compensation Scheme (FSCS) or Financial Ombudsman Service if AI advice went wrong.But almost three quarters (73%) know that AI can provide inaccurate information. And 86% understood the need to check the sources referenced when using AI. It’s vital investors remember this when they’re using AI to research an i