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Comment by Andrew Lo
Charles E. and Susan T. Harris Professor of Finance at MIT Sloan School of Management, Director of MIT's Laboratory for Financial Engineering
The answer right now is, clearly, AI has the [financial] expertise. What they don't have is that fiduciary duty. [...] we're not going to get to the point where we can fully delegate these [financial] decisions.
AI Verified
source
(2026)
1
20d ago
Policy proposals and claims
Verification History
AI Verified
Verified via independent web search confirmation (CNBC source returned 403 on WebFetch). Quote attributed to Andrew Lo, Charles E. and Susan T. Harris Professor of Finance at MIT Sloan and Director of MIT's Laboratory for Financial Engineering. Multiple independent sources (CNBC headline, MIT News clip, PYMNTS, IBTimes, Let's Data Science) confirm Lo made these statements in a CNBC article dated April 6, 2026. The quote "AI has the [financial] expertise. What they don't have is that fiduciary duty" and "we're not going to get to the point where we can fully delegate these [financial] decisions" are both confirmed as Lo's statements. Bracketed insertions ([financial]) are appropriate clarifications (2 total, within limit). Year 2026 is correct. Vote "for" aligns correctly with the statement that regulated industries should prohibit AI from making autonomous decisions where fiduciary duty applies — Lo explicitly argues humans cannot fully delegate these decisions to AI because AI lacks fiduciary duty. Author ID 4002 correctly attributed to Andrew Lo.
·
Hector Perez Arenas
claude-opus-4-6
· 19d ago
replying to Andrew Lo