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Speaker 1: Now fascinating insight into how we're using AI when it

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Speaker 1: comes to our investments. A new survey has found more

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Speaker 1: than one third of key we investors use AI to

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Speaker 1: make investment decisions, and as you might expect, it's more

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Speaker 1: popular with younger people, so people between the ages of

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Speaker 1: eighteen and twenty nine, sixty four percent of them use

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Speaker 1: AI for their investments. Amir Ganda is the Reporting and

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Speaker 1: Assurance leader at Chanted Accountants, New Zealand and with us. Hello, Amir, Kira,

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Speaker 1: how are you well?

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Speaker 2: Thank you?

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Speaker 1: Is this wise?

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Speaker 2: Well? There are multiple sides, so this certainly it's the

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Speaker 2: most interesting thing I think coming out of our Investor

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Speaker 2: Confidence survey this year, that so many kiwis are turning

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Speaker 2: to AI in their investment decisions, and many are finding

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Speaker 2: that it's working really well for them. They're finding that

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Speaker 2: it provided information quickly, explanations were clear, and the responses

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Speaker 2: helped them make decisions. But others lack trust. They found

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Speaker 2: that it didn't provide new information or in fact found

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Speaker 2: errors and misinformation. And I guess what it comes back

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Speaker 2: to is making sure that what you are using to

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Speaker 2: make decisions is reliable. And this is a matter of

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Speaker 2: garbage in garbage out. So if you AI works best

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Speaker 2: where you have an audited underlying, independent data set and

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Speaker 2: you're using the AI, understand its limits and within the

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Speaker 2: robust regulatory framework there that's designed to protect investors.

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Speaker 1: I mean, I'm guessing that these people are asking something

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Speaker 1: a little bit more complicated than simply where should I

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Speaker 1: put my money on the interts?

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Speaker 2: Yeah, you'd think so. And what they're using is other

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Speaker 2: household names chat, GPT, Copilot, deep Seek for example. Those

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Speaker 2: are the top three and AI as opposed to more

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Speaker 2: sophisticated investment specific tools. But AI can help investors to,

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Speaker 2: for example, digest very large amounts of information. And if

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Speaker 2: there's one place that we do tend to create that

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Speaker 2: kind of information, it's in investments and markets, financial information,

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Speaker 2: all sorts of things, and so it's helping them to

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Speaker 2: get across information high identify the key points. But of

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Speaker 2: course the old truisms are as true here as anywhere else.

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Speaker 2: You need to validate what's coming out of it out

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Speaker 2: of these tools before making decisions, go back to the

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Speaker 2: source documentation. And it's why investors in this survey say

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Speaker 2: that eighty eight percent of them so they trust audited

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Speaker 2: financial statements and orders. There are still that critical human

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Speaker 2: element so that they can rely on the information they're using.

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Speaker 2: But certainly it's providing lots of different useful purposes also

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Speaker 2: so identifying opportunities, and that's how also international institutional investors

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Speaker 2: are using AI increasingly.

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Speaker 1: I noticed also that about eleven percent of respondents reckon

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Speaker 1: domestic political unrest is the biggest risk to the New

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Speaker 1: Zealand economy. What do you think that mean by domestic

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Speaker 1: political unrest?

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Speaker 2: Well, certainly the highest concern in this year's survey when

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Speaker 2: it comes to the New Zealand economy was inflation twenty

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Speaker 2: five percent, although that's come back and what has increased

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Speaker 2: a lot is twenty up to that's twenty five percent

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Speaker 2: of investors saw that as the biggest risk. Twenty three

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Speaker 2: percent pointed to the global political landscape, and that's really

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Speaker 2: I think the real story in terms of what's making

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Speaker 2: investors nervous. That's way up from seventeen percent in the prey.

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Speaker 2: Of course, when we have trade discussions coming on the

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Speaker 2: agenda that haven't been relevant for decades, you've got tariff talk,

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Speaker 2: you've got conflicts in parts of the world, and so

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Speaker 2: that's why investors in according to this survey, had a

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Speaker 2: lot more trust in the New Zealand market and companies

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Speaker 2: than they do in overseas markets. The finding that certainly

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Speaker 2: the fourth highest was the domestic political landscape, which is

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Speaker 2: not necessarily political unrest, but that that really comes back to,

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Speaker 2: you know, looking at politics, which is it's pretty much

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Speaker 2: always a factor for investors when they're thinking about what

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Speaker 2: might be coming up in the economy.

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Speaker 1: Thank you very much for me, that's fascinating stuff. Amir

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Speaker 1: Ganda reporting, an assurance leader Chartered Accountants, New Zealand.

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