Is Artificial Intelligence (AI) eating your lunch?

We regularly ask AI the same question to test their progress and see if we can use AI, and/or whether they are “eating our lunch”. We recently included Gemini (used to be Bard), Claude and Perplexity to see if the new comers had a better handle on things. We also included a “trend” indicator, measuring whether the latest version does a better or worse job than earlier versions.

The calculations are well within a high school students capability as is the methodology.

The question we ask is;
“I have $300,000 in my superannuation and will retire in 10 years’ time with only employer contributions on a salary of $120,000 pa. I will need $60,000 a year in retirement. How long will my superannuation last?”

This is the latest test. The results make it clear that despite the hype AI is not a capable tool to use for financial planning. A little more disturbing is earlier versions did a much better job. The trend is downwards.

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