Artificial intelligence has the potential to revolutionize many industries, including financial services. From online investment platforms to chatbots that provide financial advice, AI is changing the way financial services are delivered and accessed. But with the rise of AI in the financial industry, there is a growing concern that human financial advisers may be replaced by machines. Efficiency and cost: One of the main advantages of AI in the financial industry is its ability to automate and streamline many tasks, such as portfolio management and data analysis. This can lead to increased efficiency and lower costs for financial advisory firms.

The Polish financial supervisor (KNF), as one of the first countries in the European Union, developed a position on robo-advice. Such activities support the use of artificial intelligence in the process of investment advisory services. While robotization reduces costs and increases efficiency, appropriate regulations are necessary. One of the challenges is to legally secure liability for damages that may arise in connection with the use of artificial intelligence. "Even 10 years ago, when driving with navigation and with a passenger, when the navigation said'go straight', and someone sitting next to him said'take a turn', we would have turned. We didn't believe the technology was good enough. Today we will go straight. It is similar with artificial intelligence in the field of consulting. Today we will choose a human being because we believe that technology in this area is not good enough yet. In 10 years, we may choose a robotic advisor," Jakub Szpringer, a partner at KSZ Smart Legal - Karwasiński Szpringer i Wspólnicy, said.