AI startup Bridgewise has received the green light from Israeli regulators to launch a chatbot that provides advice on buying and selling stocks.
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The Israel Securities Authority (ISA) has granted Bridgewise approval to launch the bot called Bridget at Israel Discount Bank later this month Bloomberg.
Bridget can provide recommendations for buying and selling stocks in response to user requests, but cannot provide customized advice, an ISA spokesperson tells Bloomberg.
Gaby Diamant, CEO of Bridgewise, says: “It’s ChatGPT but with a financial advantage. We did everything in a calculated manner, with regulators involved throughout.”
The startup is partnering with a second Israeli banking and retail trading platform in Brazil and also plans to launch 12-month stock price forecasts, earnings announcement protocols and help users build customized thematic portfolios.