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AI-powered Investment Advice

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Artificial Intelligence

Abstract

AI-powered investment advice comes from integrating artificial intelligence deep within financial services. This method of investment began in 2008, and since 2011, the market for using AI in finance has accelerated significantly in the United States and elsewhere. Using AI in investment management has been a major breakthrough for wealth management; as compared to traditional models, AI-powered investment advice facilitates higher transparency, lower investment thresholds, and reduced management costs, as well as a better user experience and personalized investment advice, all of which are unique advantages attractive to certain kinds of customers, who have driven overall market growth as more users adopt such techniques.

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Tencent Research Institute., CAICT., Tencent AI Lab., Tencent open platform. (2021). AI-powered Investment Advice. In: Artificial Intelligence. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-15-6548-9_8

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