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.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
