Woebot is an A.I. chat robot on Facebook that is increasing access to therapy. The new chatbot is a digital alternative to going to see a therapist and is currently free.
Dr. Alison Darcy, founder and CEO of Woebot, joins Cheddar to explain why she thinks her chatbot has the potential to improve mental health across the country and world. Darcy says Woebot is not a replacement for a live therapist. She does think it's a good alternative, however, considering the stigma around going to a therapist, and the cost associated with help.
Woebot is available on Facebook Messenger. The chatbot is best suited to those suffering with depression and anxiety.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
