Singapore Brokerage Launches ChatGPT Investment Tool

Singapore-based online brokerage firm Tiger Brokers has launched what it claims is the first text-generating artificial intelligence chatbot to deliver investment information.

Tiger is using ChatGPT to power a product called TigerGPT. Still, the tool will only deliver information, answer investment queries, and not provide investment advice in its first iteration. 

TigerGPT aims to offer timely market and stock data, conduct investor education, and deliver analysis from various sources, empowering users to make efficient and informed investment decisions.

The tool is now in user testing and will leverage Tiger Brokers’ financial content pool matched with OpenAI technology.

Founded in Singapore in 2014, the broking firm has an extensive content library and access to paid market sources such as listed companies’ profiles and data, investor education materials, and market and stock insights.

The AI will scour these sources and deliver responses in easily digestible conversations within seconds.

“No more overwhelmed by the mountains of scattered data and information, we do believe our TigerGPT feature can bring a fresh breeze deeply valued by users by addressing various queries on investment research, quenching curiosities of specific stocks and industries, and presenting the very piece of information needed in a well-articulated and highly-pertinent manner — all the factors needed before making informed, efficient and smart investments,” said Wu Tianhua, Founder and Chief Executive Officer of Tiger Brokers.

TigerGPT is available in English, Traditional Chinese, and Mandarin Chinese, with new languages to be added soon.

AI is already being used in investment product design, with the technology driving the AI Power Equity ETF (AIEQ), launched in 2017 and has grown to US$102 million under management.

The product leverages the IBM Watson supercomputer and replicates the value of 114 stocks.

Returns are up 10.4% this year compared with the Vanguard Total Stock Market Index, which is up 5.67%.

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