According to a report by Merrill Lynch, Americans are more willing to let AI pick stocks than pick clothes. This may be because Americans are already immersed in digital solutions for daily banking and wealth management.
The Merrill Lynch report explains:
This increased trust in emerging technologies may forecast what the future of finance looks like. Americans believe that in their lifetime, all financial decisions will be made with the help of technology (69 percent) and all money will be digital (51 percent). In looking to the next 20 years, Americans also predict the highest performing stocks will be for technologies that do not exist yet (78 percent).