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Hello reader,
When I first started my weak attempts at investing, I signed up for robo-advisor platforms such as StashAway and Syfe.
The idea of letting their algorithms decide on the best places to put my money, based on my risk profile, was pretty appealing – I don’t have the skill or energy to look at stocks and actively manage an investment portfolio.
In that regard, a future where AI can actively trade on your behalf – be it stocks or cryptocurrency or whatever else can be traded on exchanges – doesn’t seem too far-fetched.
People are increasingly turning to AI to generate insights and recommend the best course of action. It’s not hard to imagine a world where AI could use its own insights to execute trades, although I do suppose a human element is still essential.
Today’s premium story focuses on a crypto company that’s using AI to give its clients useful insights – and this could ultimately lead to automating the trading process. It’s pretty interesting stuff.
Today we look at:
- A crypto firm with a vision of automating trading
- A startup that’s moving Indonesia’s logistics sector away from pen and paper
- Other newsy highlights such as Shein’s potential IPO in London and Nium’s series E fundraise
Premium summary
AI, trade for me
Image credit: Timmy Loen
What comes to mind when you think of Nansen? The odds are, not AI. However, the crypto firm – which is known for its ability to discover the hidden identities behind crypto wallets – has made no secret of the fact that AI is a key part of its processes. And now it’s doubling down on the tech.
- In the spotlight: Nansen heightened its focus on AI in the first quarter of 2023, when CEO Alex Svanevik set a staff goal of dedicating 5,000 hours to using the tech, with the goal of driving adoption and innovation.
- Giving you a signal: One of the results of Nansen’s deeper AI push is Signals, which can analyze transactions on between 10 and 50 blockchains. This helps users filter out the millions of irrelevant transactions that they may encounter, and the platform notifies them when it finds one they might be interested in.
- Hands-off: Eventually, the goal of Signals will be to not only identify possible trades to Nansen’s clients, but to suggest and possibly execute them. However, Svanevik doesn’t see that happening in the near future – for now, the company will continue to refine its ability to identify useful information to give users better insights.
Read more: When AI meets Web3: A Singapore firm chasing full automation in crypto trading
A matter of logistics
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