New Delhi, Jan. 25 -- What could go wrong if an artificial intelligence (AI) chatbot is asked for the "best restaurants in New Delhi"? At worst, you waste an evening. But ask the same chatbot for the "best mutual funds to invest in", and the consequences can be far more serious-your retirement, child's education, or long-term wealth goals could take a hit.

An AI chatbot is a computer program that uses artificial intelligence to understand what you type or say and tries to reply like a human. Popular examples include ChatGPT, Google Gemini, Microsoft Copilot, Claude, etc.

Chatbots are fast becoming part of everyday life: from finding the best hotel, planning a three-day trip, to choosing the best TV, to self-help guides, AI has taken ove...