Public, a leading investing platform, has made a groundbreaking announcement that is set to revolutionize the way retail investors approach the financial markets. The company revealed the launch of Alpha, a cutting-edge project designed to enhance the investing experience using artificial intelligence (AI) powered by OpenAI’s advanced GPT-4 model.
Alpha aims to dramatically reduce the time and effort retail investors spend on researching and tracking their investments by leveraging the power of AI.
One of the key features of Alpha is its ability to enable investors to ask market-specific questions directly to OpenAI’s GPT-4. This innovative approach allows investors to access real-time data and historical information about tens of thousands of assets in a contextualized manner, without the need to sift through countless pages of financial data, news stories, or analyst reports. By utilizing the chat function on any stock or asset page, investors can interact with a virtual research assistant to quickly find the specific market data they need.
Alpha’s natural language interface has already proven its capabilities by assisting investors in several common tasks that Public’s members perform daily. These tasks include evaluating stock performance, real-time market screening, comparing top movers of the day, retrieving relevant news articles about specific assets, and summarizing earnings calls shortly after they occur.
Jannick Malling, co-CEO and co-founder of Public, expressed his excitement about the game-changing potential of Alpha. “Alpha has the ability to sift through thousands of analyst reports, market data, and earnings call transcripts, allowing investors to have access to in-depth insights on publicly traded companies in record time,” he explained. Malling emphasized that Alpha represents a significant step forward in empowering investors to make well-informed investment decisions.
The rollout of Alpha is set to take place this summer, making it available to all investors on Public. By leveraging Public’s comprehensive market data and information, Alpha equips investors with a powerful tool to gain additional context on their portfolios. Additionally, subscribers to ChatGPT-4, OpenAI’s AI-powered language model, will have access to Alpha through the OpenAI plug-in network.
Public’s commitment to empowering retail investors with powerful tools and insights has been evident throughout its journey. With Alpha, the investing platform continues to innovate and push the boundaries of what is possible in the world of retail investing. By harnessing the capabilities of AI, Public is providing its members with a unique opportunity to streamline their investment research and decision-making processes.
As the investing landscape evolves, advancements like Alpha signify a shift towards democratizing access to sophisticated financial tools and insights. Public’s commitment to making investing more accessible and user-friendly is poised to reshape the investing experience for retail investors worldwide. With the power of AI at their fingertips, investors can navigate the markets more efficiently and confidently, unlocking new possibilities for their financial futures.