**Summary:**
In this video, Task discusses the trend towards automation in the financial advice industry, specifically focusing on AI's role in financial planning. He mentions the prediction made by Ron Carson that within the next 10 to 20 years, financial advice will be automated. Task highlights how AI-run funds are already outperforming human-run funds due to AI's ability to process vast amounts of information and make data-driven decisions. He emphasizes that millennials' trust in technology might lead to quicker adoption of AI-based financial solutions, given that they are set to inherit a substantial amount of wealth in the coming decades. Task underscores the potential benefits of AI-driven financial advice, such as steady returns and growth, and discusses the broader context of a deflation super cycle impacting various sectors like food and transportation.

**Detailed Article:**
Task's video delves into the evolution of the financial advice industry through the integration of AI technologies. Ron Carson's projection serves as a backdrop, suggesting that the landscape of financial planning will significantly transform in the next one or two decades with automation at its core. The emergence of automated fund managers, powered solely by AI algorithms, represents a paradigm shift where data-driven decision-making supersedes traditional human intervention. Task points out that the nascent success of AI-run funds compared to their human-managed counterparts stems from AI's proficiency in processing a vast amount of data, especially in mathematically driven markets where external factors influence sentiments and outcomes.

Furthermore, Task astutely observes how the cautious nature of the financial terrain, characterized by a preference for established track records spanning five to ten years, might slow down the mass adoption of AI-driven financial solutions. However, the narrative shifts when considering millennials, who exhibit a distinct proclivity towards technology and innovation, potentially paving the way for accelerated acceptance of AI-powered financial mechanisms. Given their impending inheritance of a colossal amount of wealth and entry into peak earning years, millennials could be pivotal players in the future financial market driven by AI.

Task draws parallels between the scrutinized Robin Hood investors of today and the dot com speculators of yesteryears, highlighting the cyclical nature of market trends and the costly learning curve associated with market investments. Emphasizing the efficiency and accelerated learning curve enabled by AI-powered advice mechanisms, Task underscores the transformative impact of AI in streamlining financial decision-making processes. By elucidating how AI's capacity to ingest and interpret a vast array of information, even globally impactful events like a cave-in in a distant gold mine, can be factored into investment decisions, Task paints a picture of AI as a pivotal enabler of informed and strategic financial choices.

In a broader societal context, Task briefly touches upon the trajectory of a deflation super cycle that is poised to disrupt sectors like food and transportation, reshaping the economic dynamics of society. Conclusively, Task anticipates a close horizon for the integration of AI-driven financial funds and money management tools, underscoring the imminent merging of cutting-edge technology with traditional financial services.

@taskmaster4450le  i totally agree with you sir

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Betterment is an good example of this.  It will likely become more intelligent over time.