This AI stockbroker could be the future of financial advising



Hong Kong-based 8 Securities has come a long way over the past few years. When we first talked to the startup back in 2012, it had just pulled in $ 8 million to build up its stock trading app. Now, the company has more than $ 600 million worth of currencies flowing through its pipes, and it’s betting big on artificial intelligence.

Named “Chloe,” 8 Securities is planning to launch a virtual advisor service that uses machine learning to give investment advice.

The AI will be used to coach, educate, and advise users on their investments, says CEO Mikaal Abdulla. “She treats a $ 100 account the same way she would a $ 1 million account.” Read more…

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