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Google has an AI assistant that can schedule haircut appointments for you. Tesla and General Motors are both producing cars that can drive themselves.

Of course, in the advisory space, robo-advisors (many of which eliminate human advisors from relationships with clients) have been slowly bringing on more assets and now manage over $200 billion.

As we’ve seen with the robo-advisor “revolution,” artificial intelligence will benefit people, but it won’t replace them. It all comes down to one simple reason: AI lacks human intelligence and the ability to identify and interpret emotions.

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