5
1
Student
India
1 year of experience
A computer science engineering student. An AI/ML/DL enthusiast. Looking forward to learning and building.
Usually firms have excess liquidity from their operations and people have savings that want to invest so that they can protect themselves from inflation or to generate a passive income. The problem is that in order to invest in the financial markets they either have to hire an specialist or they need to manage their investments themselves and this can expose them to high risks since they aren't usually experts on the field. There have been cases of companies even going into bankruptcy for preciselly investing in the financial markets with poor management or little understanding of the complexity of the markets. Here's where we come in, our solution powered by AI enalbes firms and people to invest in the financial markets without having to hire an expensive investment manager or having to learn themselves. It is a virtual portfolio manager. First the user has to provide financial information and a news or article related to him, with this an ML classifier using the Cohere API determines the risk profile of the user. With this information the platform generates a tailored portfolio, out of a selected financial asset universe specific to each risk profile. The available assets vary between different types of US stocks, FOREX pairs and even cryptocurrencies for the more risk taker profiles. Once the portfolio has been created it reports an overview of its composition as well as a backtest of its performance on the market. At this point the user has the option to decide whether to pursue a passive portfolio management strategy or an active one with just the click of a button. If he prefers a passive strategy the platform will take positions for a classic buy and hold strategy of the selected assets. If, in contrast, the user selects the use of trading bots then he will opt for an active portfolio management and trained DL bots will be buying and selling the assets at convenience for a better portfolio performance.
ποΈ This 7-day virtual hackathon from January 27 to February 3 will be your time to shine! π» Construct AI apps with the latest LLM-powered technology from Cohere and try the newly released Multilingual Text Understanding model βοΈ There's no prerequisite level. Just starting out with AI? Or perhaps you're a veteran Data Scientist? A Designer? A Business Developer? We want you and your domain expertise! π±βπ» Sign up now for free and let's get going!
ποΈ Take part in this 7-day virtual hackathon from March 10 to March 17! π» Create AI applications utilizing Cohere's LLM-powered Multilingual Text Understanding model and Qdrant's vector search engine. βοΈ Are you new to AI or an experienced data scientist? Designer, or business developer? Regardless of your experience and background, we welcome you and value your domain expertise. π±βπ» Join us for free and let's get started!