Public introduces AI-based investing co-pilot Alpha
Public.com is rolling out Alpha, a new project aiming to enhance investing experience with artificial intelligence powered by GPT-4.
Alpha aims to help Public members save time researching and tracking stocks, ETFs, crypto, and alternative assets by enabling them to receive instant answers to their questions through a natural language interface.
Public is currently rolling out Alpha to all Public members, providing an additional resource for gaining in-depth insights into one’s portfolio. If you’re a ChatGPT-4 subscriber, you’ll now be able to access Alpha through the OpenAI plugin network.
Alpha combines a natural language interface with real-time and historical market data from Public. Now, you can have an open-ended conversation with Alpha about almost any asset you care about and receive up-to-date information about its historical performance, risk factors, and many other considerations.
For instance, you can ask Alpha, “What are the main arguments for and against buying this asset?” or “What’s the outlook for this company following its most recent earnings call?” These questions might not have readily available answers in a conventional research report, but Alpha can help.
It should be noted that with this advancement in artificial intelligence comes some expected limitations. For example, a natural language interface cannot know your personal circumstances, such as your individual investment goals, your nuanced aversion to risk, or other factors that are specific to you.
Phase 1 of Alpha is rolling out now. In its current iteration, Alpha can assist with many of the common tasks that investors perform daily. This includes evaluating stock performance and outlook, monitoring real-time market activity, comparing top movers of the day, retrieving relevant news articles, and summarizing earnings calls almost immediately after they occur.
With Alpha, you no longer have to dig through financial data to find answers to your asset-specific questions. Instead, Alpha can instantly provide a wealth of insight and analysis, including a company’s financials, fundamentals, analyst recommendations, news, commentary, and more.
Alpha can screen the markets to help you identify top-performing stocks — offering insights into which companies are generating positive returns and outperforming their peers. Conversely, it can help you identify underperforming stocks that may be facing negative market sentiment. However, the data presented can be absent context and does not account for your personal circumstances — results from any natural language interface should not be considered a recommendation, but rather an informational foundation upon which you can perform further research and assess a given investment’s appropriateness for you.
With Alpha, you can summarize current and historical earnings calls as soon as 2 hours after they air. Although results are not and should not be considered investment research, Alpha can answer specific questions about anything mentioned in the earnings call.
If you’re a ChatGPT subscriber, you’ll now be able to access Alpha via the OpenAI plugin network. Once you install the plugin, you can access real-time and historical market data from Public within your open-ended conversations. Simply ask ChatGPT your investment questions to receive a fast and relevant response.
The Public.com team has ambitious plans to further develop and enhance Alpha’s capabilities, with the goal of improving the overall investing experience on Public.