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.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.