Swiss fintech company Smart Valor wants to use artificial intelligence for investing. The state-of-the-art tech will help investors master the complexity of digital assets.
Smart Valor has announced the start of its so-called ELONN.AI (Enhanced Language Oriented Neural Network) open-source project. Its objective is to give all investors access to artificial intelligence, according to an announcement sent Tuesday.
In it, the company indicated that using the tech will not only allow clients to make investment decisions but will also help with the execution.
The Docked Wallet
The company, which is based in Zug, said that artificial intelligence and regulatory compliance experts, as well as scientists, worked on the project. Smart Valor financed the early development with proceeds from its IPO on Nasdaq First North last year, which gave the startup more than $14 million to work with.
ELONN.AI is meta driven and it supports investment decisions while it can also execute transactions, the announcement maintained. Users can link up wallets, blockchain addresses, and investment portfolios with the platform.
Superseding Human Intelligence
«Artificial intelligence is developing exponentially and it is likely to supersede human intelligence within the next ten years», says Smart Valor founder and head Olga Feldmeier. «Placing such a powerful tool in the hands of large tech companies or governments, or any large, centralized function, could lead to more control and potential misuse.»
