New Delhi: The goal of investment is to get high returns. Investors invest in the hope of high returns. In such a situation, they also adopt the strategies of the world's big investors. If we talk about big investors, the first name that comes to mind is Warren Buffet.
Warren Buffett has made his company worth $1 trillion in 8 decades. Buffett also advises investors on investment strategy and stake selection. He advises investors to invest in the S&P 500 for the long term.
Now not only investors but AI is also trying to follow Warren Buffett's investment strategy. Yes, many fintech startup companies are trying to give advice to investors using the strategies of famous investors through Artificial Intelligence (AI). Intelligent Alpha has also started for this.
Chatbot operated AI ETF launched
Intelligent Alpha has launched a chatbot operated AI ETF (Exchange Traded Fund). In this, AI will use the strategies of investors like Warren Buffett, Stanley Druckenmiller, David Tepper, Steve Cohn. Alpha said that a Large Language Model (LLM) has been developed to follow the strategies. This model will work to understand the strategies of investors and explain them to investors.
How will the chatbot operated AI ETF work
The company said that AI chatbots like ChatGPT, Gemini, Cloud will shortlist companies for investment. All these companies will be based on different sectors like healthcare, energy etc. After this, the chatbots will give investment advice to investors according to the investors' strategy.
It is expected that if the Chatbot Operated AI ETF becomes successful, then common investors can also use technology to invest from the perspective of great investors like Buffett and also get better returns.
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