They’re not really smart in any traditional sense. They’re just really good at putting together characters that seem intelligent to people.

It’s a bit like those horses that could do math. All they were really doing is watching their trainer for a cue to stop stamping their hoof. Except the AI’s trainer is trillions of lines of text and an astonishing amount of statistical calculations.

A minor cannot enter into a contract even if they lie about their age.

The only difference between them is the loan shark can’t take you to court to get their money back.

So there’s no difference.