He brought AI to Wall Street in 1994 — but won’t trust ChatGPT with his money

Vasant Dhar, a pioneer in integrating AI into Wall Street, established one of the first AI-driven hedge funds in 1994, demonstrating early success with the technology. Despite his groundbreaking work, Dhar expresses caution about using modern AI like ChatGPT for financial decision-making, emphasizing the importance of understanding the limitations and risks of AI in investing. His insights highlight the evolving trust in AI technology and the need for thorough vetting before deploying it in critical financial contexts. This perspective underscores the ongoing debate about AI's role in finance and its readiness for high-stakes applications.