United Kingdom, Aug. 27 -- The UK's financial watchdog has warned people against relying on AI chatbots for investment advice, saying they may not be protected if things go wrong.

Research by the Financial Conduct Authority (FCA) found that four in five less experienced investors have used AI tools to help make investment decisions.

The survey questioned adults aged 18 to 40 who either own investments or are considering buying them within the next year.

Some 56 per cent said they trusted AI tools, compared with 47 per cent for TV and radio, 46 per cent for the press and 29 per cent for social media influencers.

Three-quarters said they expected to use AI more over the next year.

However, the FCA found widespread confusion about the r...