30/09/2024
It's Now OK for a Chatbot to Offer Buying and Selling Investment Advice
While several governments have expressed concerns that the widespread use of artificial intelligence in investing could cause financial market instability, an Israeli regulator has given the go-ahead for an AI firm to collaborate with a major bank to introduce a chatbot that provides stock-picking guidance.
Based in Tel Aviv The Israel Securities Authority (ISA) has approved Bridgewise's plan to launch Bridget, a chatbot that will respond to user inquiries by suggesting equities to purchase and sell later this month. To launch the product, the business is collaborating with Israel Discount Bank, one of the biggest banks in the nation. In the near future, it intends to grow to a second Israeli bank's investment platform.
