How did you come to an idea of your project?
Over the past 20 years the world has witnessed technological progress.
Emerging Artificial Intelligence applications have shown to outperform humans in many competitive areas: from games to helping doctors to detect tumors, or navigate through busy city streets (driverless cars).
As for digital technology, it connects people and breaks down barriers between countries. The blockchain technology has initiated a revolution in the way human transactions happen: people can now enter into direct, transparent, smart contracts requiring minimal government regulation. A new system of secure transactions (cryptocurrency) has been created, not backed by any government.
On the whole, digital technologies open a new realm of unbelievable possibilities for ordinary people, notably on financial markets, on which the daily volume of trades is now worth more than five trillions USD.
However, financial markets, despite being early adopters of new technologies, are still dominated by a few old players: banks, hedge funds and institutional market makers. This gap between "insiders" and ordinary traders (comprising tens of millions of individuals) is only growing since new technologies are too expensive and only deployed by large market players.
For several years, large hedge funds and banks have actively introduced AI technologies to help them in their trading operations. The AI processes data, develops algorithms, searches for dependencies, assesses undervalued stocks and securities, and even manages investments. Results are impressive.
However, the success of large companies is hard (or even impossible) to duplicate by small individual traders. It requires significant investments in IT infrastructure that are not affordable to the ordinary retail investor.
At AITrading, our mission is to reduce this information gap on financial markets and to make AI-assisted wealth management accessible to everyone.