The company is working closely with regulators to ensure compliance but also safeguard users from plausible errors.
Tiger Brokers has taken AI a step further to analyze real-time market trends and make suggestions to users about trading decisions.Anybody who has delved into the trading space knows very well the amount of data that one needs to go through and make some informed decisions about their money, if they do not wish to gamble it away. The amount of information to be analyzed increases exponentially depending on the number of stocks in one's portfolio and factors that can impact those businesses.
With such large amounts of information to be processed, it makes sense that one deploys AI to do the hard work and identify the market trends and make recommendations. Tiger Brokers spent a good part of three months determining if it wanted to provide its own AI to its platform's two million customers.In January this year, the company began training its AI model using premium content that it has access to.
Called TigerGPT, the chatbot is available only for a small set of users currently. Interested users might be interested in knowing that the financial company used GPT-3, the precursor to the AI model that powers ChatGPT to train its own AI. OpenAI has since launchedNevertheless, AI models are also prone to "hallucinations", a term used to describe inaccurate and sometimes even made-up responses given by the chatbot.
Financial markets have previously deployed robo-advisers and algorithms for investments, so the introduction of AI should not be a dramatic change, experts told SCMP.
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