It is impossible to deny the impact artificial intelligence will have on the financial sector in the coming years. Many Fintech startups see this technology as a way to remove entry barriers for investment platforms. Kavout has been thinking along those same lines, as they launched their free artificial intelligence-driven investment platform not too long ago.
Investment platforms are not always easy to make sense of, except when one is an experienced investor. Kavout wants to address this problem by creating an actionable investment intelligence. Doing so hinges on various innovative technologies, including artificial intelligence, machine learning, and big data.
Kavout Is AI-Driven And Objective
Wall Street has been keeping tabs on the progress made in the field of artificial intelligence for financial purposes. The primary objective of these platforms it to outcompete the market. However, very few of these tools will be made available to investors all over the world.
Kavout CEO and Co-founder Alex Lu sees the situation as follows:
“On Wall Street, you’ll see that many hedge funds and investment banks are hiring top talent in artificial intelligence and machine learning. Today, Goldman Sachs has more engineers than Facebook. None of this is a coincidence. The big players know that there is much more to be gained in the markets by investing in artificial intelligence and machine learning. Our aim is to make those technologies available to all investors.”
This is where Kavout comes into the picture, as their AI-driven investment platform is completely free of charge. Moreover, the company focuses on catering towards all levels of investors, by giving them the same techniques as used by the ‘professional elite”. As a result, it becomes easier to find the right investment opportunities.
What Makes This Project Tick?
Among its unique features are Kai, the core AI, and machine learning system. To give an example of what this technology can do, it examines millions of data points every second. This allows for objective stock analysis. Moreover, Kai can access historical SEC filings and recent stock quotes to present a complete picture of an investment opportunity.
But there is more, as Kai Score is built on top of Kai itself. The Kai Score is an estimation of the stock’s future performance. The higher this score is the better chances of that particular stock outperforming the S&P 500. Said score is based on valuation, growth, quality, and momentum, the four pillars of investment opportunity decision-making.
Kavout also features a detailed screener, which covers more than 130 technical and fundamental criteria. Keeping in mind how this tool can be used to filter over 7,600 US stocks, there is a lot of big data to look into. But even with all of this information, it can be difficult to form an investment strategy. Thanks to Guru Screen, users get an overview of understandable formulas, similar to the methods used by professional traders.
For the time being, users can try out the Kavout beta platform free of charge.
Header image courtesy of Kavout