The Spectator newsletter reports that stocks are being hit by the steady release of new AI products targeted at specific industry sectors like financial and insurance advice.

What these new AI releases show is that virtually anyone in the 'advice' business is going to need to restructure their offering as AI will be able to provide the 'base-level' advice that is the bread-and-butter income for many advisers.

They will need to switch to a 'review and recommend' approach based on the initial AI response or be put out of business.

Anyone who has seriously used AI recently knows that its capabilities are increasing rapidly, yes it makes mistakes, but the whole deal with AI is that it learns from its mistakes.

Plenty of human 'prompt' information is still needed in most cases but it is already possible for example to generate whole web applications from a single prompt. The application will not be 100% perfect but it be relatively close so the guys that used to provide low-level coding skills as paid gigs will also need to consider a career change.