- Everyday AI
- Posts
- Are AI-powered portfolios the future of investing? š¤
Are AI-powered portfolios the future of investing? š¤
AI investments, huge lawsuits from media publishers, free ChatGPT and training and more inside Everyday AI
Outsmart The Future
Sup yāall!
Thereās some legit gems in todayās newsletter. But before we get started, though, wanted to drop a heads-up.
Thereās only a few days left to sign up for our giveaway. You can win 6 months of ChatGPT Plus (that paid version you need to make it work for you) and 6 private training sessions with our team.
Make sure you sign up! It takes 10 seconds: fill in your details and receive a referral link. Then, you can use that link to hook up anyone in your circle you think would benefit from Everyday AI and climb the leaderboard. Thatās it.
Back to your previously scheduled AI goodness,
āļø Jordan
Today in Everyday AI
7 minute read
š Daily Podcast Episode: AI is here to manage your money, if you want it to. But how exactly will it work? We find out. Give it a listen.
šµļøāāļø Fresh Finds: AI as your new research assistant, Gizmodo's AI misstep with Star Wars, and AI is coming to ... The Bible? Read on for Fresh Finds.
š Byte Sized Daily AI News: ChatGPTās plugins are now a security risk, Indiaās AI news anchor, and a future with AI soldiers? For that and more, Read on for Byte Sized News.
š AI In 5: Did you know that you can chat directly with webpages using an AI extension? Itās free and doesnāt require an account (for now). We show you how.
š Digital Drops Giveaway: Time is almost up! Win 6 months of ChatGPT Plus and 6 private lessons on how to actually make it work for you. Sign up now
š§ Leveraging AI 101: You listened to the pod and now youāre feeling stoked about using AI for wealth management? Letās unpack it all. Weāll start you off with some basics. Keep reading for that!
ā©ļø Donāt miss out: Missed our last newsletter? We discussed the new AI agreement between Big Tech and the US government, showed you how to shop with ChatGPT and talked about Twitterās new makeover. Check it here!
AI-Powered Financial Portfolios:
How itās done š¤
Will we all be using AI to manage our investments one day? (Orā¦ today?)
The day might be closer than you think.
Today Treebel Solimani, Founder and CEO of TriangleAI, joins us as we dive deep into the fascinating space of AI and GPT-powered investment management. We uncover how AI-powered tools revolutionize the way we manage our finances.
AI investment management is already here and TriangleAI is a great example of it.
Itās the real deal yāall! Seriously, check it out.
Also on the pod today:
ā¢ Financial portfolio management with AI š¼
ā¢ Using specialized AI agents for finances šµ
ā¢ Improving efficiencies in wealth management š°
Itāll be worth your 24 minutes:
Listen on our site:
Subscribe and listen on your favorite podcast platform
Listen on:
Hereās our favorite AI finds from across the web:
New AI Tool Spotlight - CodiumAI is your PR AI agent for analysis and feedback, Conformer-2 is an automatic speech recognition AI based on 1.1M hours of English audio data, and COFIN uses AI to help you research SEC filings.
Pop Culture - The movie world has been buzzing with the release of Barbie and Oppenheimer this past weekend. So much so that thereās a viral AI-generated āBarbenheimerā trailer going around.
AI in Enterprise - Genpact partners with Microsoft and Cohere releases AI assistant called Coral.
The Money in AI - Two tech giants, Microsoft (MSFT) and Alphabet (GOOGL), are up for an earnings preview today with a large focus on AI.
Read This - We have yet to see the impact of AI on religionā¦until now. According to a recent study, AI preachers may be a threat to religious groups.
Future of Work - Video game studios are so scared of AI that theyāre forcing managers to study machine learning and offering employees $7,000 bounties for AI ideas.
1. ChatGPT Plugins Could be Security Risks š
ChatGPTās recent plugins, available only to GPT-4 users, have expanded ChatGPT's capabilities, allowing it to do everything from flight searches to analyzing text on websites. Not so fast, though. Johann Rehberger, a security researcher, warns that these plugins could be exploited to steal chat histories, personal information, and even execute code on users' machines.
2. Publishers Band Together to Sue AI Giants š°āļø
Major publishers, including The New York Times, News Corp, and Axel Springer, are reportedly forming a coalition to sue AI behemoths like Google and OpenAI. These AI companies are allegedly training their generative models using the publishers' content without permission, which could impact traffic to their websites from Google searches.
3. AI News Anchor Debuts in India šŗ
India's got a new face in the newsroom, and it's not human! Meet Lisa, the AI-generated news anchor making waves on Odisha TV, a local station in eastern India. While Lisa's slow blinking and stuttering motion might give you the creeps, her delivery is serviceable enough to pass for human if you're not paying close attention.
4. OpenAI's AI Detection Tool: A Short-Lived Experiment š§Ŗ
OpenAI, the AI powerhouse, has quietly pulled the plug on its AI detection tool, AI Classifier, due to its low accuracy rate. Launched with the promise of distinguishing between human and AI-written text, the tool often mislabeled human-written text as AI-generated and struggled with text under 1,000 characters. Our take: most AI detection tools are gimmicky and donāt really work.
5. AI-Powered War: A Future Without Soldiers? š¤š„
Task Force 59, a group within the US Navy's Fifth Fleet, is testing a fleet of autonomous drones and robot ships, using AI to monitor the ocean's surface and underwater activities. The goal? To integrate these technologies into naval operations, potentially reducing the need for human soldiers in conflict zones. Now you know why governments are starting to treat AI as more than a fancy computer assistant.
Talk to any website with AI! š
Ever wished you could chat with any website? Now you can, thanks to the power of AI! In this video, we explore the Talk web Chrome Extension, a new free AI tool that brings GPT directly to your web browser.
How does it work and why would you use it?
Check out our AI in 5 and you'll find out.
Itās here: 6 Free Months of ChatGPT Plus and 1-on-1 training.
Win 6 months of free ChatGPT Plus ($120 value) and 6 personal training sessions to go from beginner to advanced ($,$$$ value)
Giveaway ends in days, so sign up now!
Itās easy:
Sign up takes seconds and youāre entered!
Youāll get a unique referral link. If you have friends who may want to grow with Everyday AI, shoot them your link to sign up.
One random winner will be chosen, as well as the top referrer.
š¤·āāļø Whatās Going On and Why It Matters:
Should you let AI make money decisions for you?
*Hands off my 401K, you greedy robot*
Thatās up to you, but after todayās conversation with TriangleAI founder Treebel Solimani, we think you should at least give AI a chance to help you manage your money.
Hereās why.
Right now, TriangleAI is sort of like a financial whiz at your fingertips. Think if ChatGPT was trained only for managing your investment or portfolio.
And if youāre a little hesitant to jump into a freshly launched platform: rest assured. Right now, TriangleAI doesnāt *actually* manage your investments or even connect to them. Itās just your super smart personal financial assistant, ready to crunch millions of data points at your command.
You still call the shots, shot caller.
Today, we dove into the future of AI-powered investment tools, Treebelās personal story, and even how you can use ChatGPT to grow your startup or business.
Give us 24 minutes, and youāll more than likely be feeling better about using a lil AI power in your portfolio.
š¦¾How You Can Leverage:
Alright, youāre stoked, right?
AI can save you time and make your money make you money.
Where to start?
Weāre here to break it all down.
Whether youāre sprinting to try out TriangleAI, or ready to sprinkle in a little AI magic with your current wealth management platform, hereās some basics to get you started.
1 ā AI + portfolio management is the future š®
Sorry not sorry.
Whether youāre prepared for it or not, AI and GPT tech is going to be popping up everywhere in money management.
Be prepared to see your bank, 401K, and wealth management platforms to start directly integrating AI and GPT tech sooner rather than later.
Try this:
If youāre working with a financial advisor, ask them what AI or GPT tools theyāre already using. They may be using TriangleAI, or a service like Wealth Management GPT, or following popular sites/entities like The GPT Portfolio.
2 ā Get your hands dirty š
Chances are that your wealth management company youāre using already offers AI or GPT-powered products for you to use.
You might have to go out of your way to find them, but the biggest companies in the wealth management space are already offering these products and services.
Try this:
Sure, robo-advisors and AI have been around the financial space for decades. But new advancements in GenAI have also brought a way of friendlier (and more transparent!) offerings from big wealth management groups.
Hereās a rundown of some of the more popular portfolio management companies and their AI/GPT offerings:
Fidelity AMP is an automated digital advice solution that collects and intelligently analyzes data to provide personalized recommendations
JPMorgan Chase is developing a ChatGPT-like software service called IndexGPT
Morgan Stanley is partnering directly with OpenAI for wealth management
HSBC has rolled out its own ChatGPT-esque tool.
Schwab Intelligent Portfolios goes from a questionnaire to a full built out portfolio
3 ā Keep learning and exploring šŗļø
Letās say the quiet part out loud: this space is fast-evolving. As inā¦ this new announcement from Clearwater Analytics was announced minutes ago as a new way to use GenAI for investment management.
Hereās what we know: the financial and wealth management sector is going to look completely different in a year or two than it does now. There will be more changes in the coming year than thereās been in a decade. The biggest companies are trying to learn from smaller startups and early adapters to see how AI and GPT tech are going to shape the industry.
Try this:
Donāt pull your hair trying to keep up with movements in the space. Instead, read this daily newsletter and listen to Everyday AI on Spotify or Apple Podcasts. When news breaks in the wealth management space in regards to AI, you betta beliiiiiieve weāll be covering it.
Now This ā¦
Now for the fun part.
Set your plan into place and with the help of AI, watch your wealth management thrive!
Hope this helps you get that moolah! š
Hit us with a reply and lettuce know if youāre using AI or GPT to manage your portfolio.
Reply