AI on FIRE

Three Monevator readers in a fortnight emailed to ask how I think the much-vaunted ‘AI revolution’ should cause us to rethink our financial planning. (Or to ask a chatbot to rethink it, I suppose.) My knee-jerk response: “Search me.“ It’s not that I doubt the borderline hysteria about AI we’ve seen in recent years will amount to anything. From the sheer wodge spent on it – it will approach $2 trillion by the end of 2026, according to Goldman Sachs – to the disruptive potential of the technology itself, boom or bust, artificial intelligence will amount to something. But what thing? Everyone knows AI is big business. We’ve all read what it can do for us today, and what it might do to us tomorrow. Are these actionable insights, though? Enough to change your investing strategy, let alone your retirement planning? Unless you’ve very strong opinions, I’d suggest not. (Even then, you should hedge in case you’re wrong.) Making investment decisions based on the AI rollout looks like betting on…

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