Daizy’s Advanced Conversational AI Improves Investment, Risk, and Sustainability Decisions for a New Generation of Investors
Daizy, a wealthtech startup that will revolutionize the financial services industry by harnessing the power of generative AI, announced the launch of its ChatGPT plugin. The plugin democratizes investment research to make advanced guidance accessible to anyone using ChatGPT Premium. Daizy’s GPT plugin can answer questions about portfolios, risk profiles, market trends, social sentiment and sustainability.
“The current landscape for AI for investments is a lot like the wild west”
The plugin has been purpose built to address the needs of the more than 400,000 financial advisors in the United States alone. Daizy’s AI will power the financial services industry as it evolves to meet the needs of a new generation of investors by offering users real-time interactivity and access to high-quality, reliable investment data in a user-friendly, conversational format.
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“The current landscape for AI for investments is a lot like the wild west,” said Deborah Yang, Daizy’s co-founder and Chief Executive Officer. “Daizy prides itself on ensuring the use of factual data and seeks to have appropriate guardrails in place to help guide investors. It uses live institutional-grade data and calculations to dissect performance data, risk factors, and sustainability criteria for US stocks, ETFs, cryptos, and other financial products, all in real time.”
Daizy’s founders’ expertise in investing and AI is unmatched. Yang along with founder and Chief Technology Officer Jonty Hurwitz recognized the coming AI revolution in 2019 when Daizy was created. Together, they have led Daizy to become a powerhouse of deep R&D into conversational AI for wealth. Jonty, an engineer and scientific artist, and Deborah, a sustainability pioneer and a leading expert in Exchange Traded Funds (ETFs), designed Daizy’s technology to be able to answer the hyper-personalized questions next generation investors want answered.
Daizy conducts long-term research towards a generative AI that is able to give investment insights and actionable guidance. To train the AI, Daizy also monitors live investment accounts across 17 brokerages like Robinhood and Charles Schwab. It has produced over 8 million investment calculations into conversational AI.
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Using the learning from millions of questions served by the AI technology, Daizy is launching an application that will draft sophisticated responses in real-time for financial advisors to answer client questions based on their portfolios and needs. It is expected that this technology will save them hours a day and significantly increase the number of clients they are able to serve. The service will take into account news, portfolio structure and underlying holdings in ETFs to draft sophisticated client communications based on the directions given by financial professionals.
ChatGPT and its plugin store are transforming businesses across multiple sectors, and the financial services industry is no exception. The FCC plugin store offers third-party developed add-ons which enhance ChatGPT’s capabilities. Daizy’s plugin allows advisors and individual investors to use conversational language to get advanced financial guidance and professional-grade insights about their portfolios, ETFs, cryptos and stocks. When a user asks it any question, Daizy consults its vast and growing institutional data resources as well as deploys intent and entity detection AI which has been trained for over 4 years. Its mathematical analytics engine has been designed to ‘chat’ and is equipped with additional visualization/infographics technology also programmed to output to LLMs (large language models) which are used to summarize, generate, and predict new content.
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