Ignorer la navigation
Money on Autopilot: The Future of AI x Personal Finance
Report

Money on Autopilot: The Future of AI x Personal Finance

a16z, 2023

Read offline


Editorial Rating

8

Qualities

  • Eye Opening
  • Visionary
  • Hot Topic

Recommendation

Across a range of industries, business leaders are embracing artificial intelligence as a transformational technology. In personal finance, AI can help address a longstanding issue: More than three-quarters of US consumers are uneasy about their relationship with money. Andreessen Horowitz professionals Olivia Moore and Anish Acharya conduct a detailed, insightful examination of how entrepreneurs are building innovative digital platforms that can streamline the consumer’s financial journey and bring greater transparency to money decisions. Financial professionals will find this a useful assessment of AI’s impacts on personal finance.

Summary

AI solutions can simplify personal finance, which most people find complex and worrisome.

Consumer finance is ripe for disruption, as fintech’s emergence in the 2010s verifies. Today, AI entrepreneurs offer new technology tools designed to put an individual’s “money on autopilot.” Consumers have a robust appetite for simplifying the handling of their personal financial affairs, including investment, retirement, savings, spending and debt management.

Some 77% of Americans say they feel anxious about financial decisions, and most people would prefer not to discuss money at all. Against this backdrop, entrepreneurs recognize...

About the Authors

Olivia Moore and Anish Acharya are professionals with Andreessen Horowitz .