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Bitpanda to spend $10m on creation of AI-driven wealth division

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Austrian fintech unicorn Bitpanda has presented its bid for global leadership in financial artificial intelligence with Bitpanda.ai. The company has announced it will make an initial investment of $10 million to establish a dedicated AI division, and is further simplifying investing with a customisable AI powered wealth manager.

Bitpanda says it will embrace artificial intelligence as “a natural next step” in its strategy of wealth creation for everyone along with financial freedom.

Eric Demuth, co-CEO and founder of Bitpanda explained:

“Historically, investing was only for wealthy people, but fintechs like Bitpanda made it accessible to everyone thanks to blockchain technology. AI is the next technology that will reshape personal finance. Today, personal wealth managers are only for the rich, but we will change that by making them accessible to everyone. AI driven, fully personalised, and accessible 24/7 from the phones in their pockets.”

Bitpanda.ai will be focused on creating and delivering multiple state-of-the-art AI driven products and investing features.

Bitpanda says it plans to work on a new product range which will include several products including: personalised investment ideas, automated portfolio strategies, real-time market analysis, and a fully personalised experience. The AI driven wealth coach will be a powerful tool within the Bitpanda ecosystem that uses the latest AI and automation technologies to revolutionise the investing journey for users.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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