Austrian cryptocurrency firm Bitpanda is set to allocate $10 million towards establishing a dedicated AI division.
This new unit aims to introduce a variety of AI-enhanced products and investment features. Offerings will include personalized investment recommendations, automated portfolio management strategies, and real-time market analysis.
The inaugural product from this initiative is a conversational wealth coach, designed to provide tailored investment guidance to users.
Eric Demuth, co-CEO and founder of Bitpanda, stated, “In the past, investing was predominantly reserved for the wealthy. However, fintech innovations like Bitpanda have democratized this access through blockchain technology. AI represents the next frontier in transforming personal finance. Currently, personal wealth management is primarily for the affluent, but we’re committed to making it available to everyone. Our AI-driven solutions will be fully personalized and accessible around the clock via users’ smartphones.”