Bridgewise Launches BRIDGET™, World’s First Conversational AI Investment Tool That Provides Regulatory-Compliant Investment Recommendations

NEW YORK and SINGAPORE, 2 October 2024 – Bridgewise, the financial research intelligence platform for global securities, announced today the launch of BRIDGET™, its revolutionary Conversational AI Investment Tool, designed specifically for the institutional investment sector, including brokers and trading platforms. Leveraging the flexibility, convenience, and capabilities of large language models (LLM) AI, BRIDGET™ transforms traditional investment intelligence reports into dynamic, interactive conversations, and provides regulatory-compliant investment recommendations that are delivered through its customisable, multilingual platform. Bridgewise is currently available in more than 25 languages and across 15 markets and has a coverage of more than 50,000 global financial instruments.

This announcement follows hot on the heels of several Bridgewise announcements this year, including its successful $21-million fundraise, the launch of its  Bridgewise Funds (FundWise), and its appointment of several capital market industry veterans to its Advisory Board, all of which marks the fifth year of Bridgewise’s rapid expansion and innovation since its founding in 2019. Its Advisory Board now includes new board members such as Christian Reuss (former CEO of the Swiss Stock Exchange), Dato Neto (former Managing Director of Banco Model, Brazil), David Lenchus (Managing Director and Head of Research of HC Wainright), David Siegel (former CEO of Investopedia and President of Seeking Alpha) and Yochai Korn (former Global Head of Market Data and Research at Interactive Brokers).  

Kelvin Phua, GM Bridgewise APAC: We are incredibly excited to bring Bridget™ to Asia, where we see immense potential for transforming the investment landscape with AI-driven financial intelligence. Bridgewise sees the APAC market as a top strategic priority. We are continuing our rapid growth with new presences in Thailand, Malaysia, and Indonesia, alongside an expanded presence in the United Arab Emirates. We believe that Bridgewise technology and AI intelligence capabilities can revolutionise the way APAC capital markets operate, enhancing their efficiency and expanding the region’s exposure to global capital markets.

Research has estimated that generative AI (Gen AI) could add between $200 billion and $340 billion in value annually, or 2.8 to 4.7 per cent of total industry revenues across the global banking sector. Against this high-growth potential, GenAI has emerged as a crucial enabler of innovation and transformation, empowering financial institutions to exceed the expectations of today’s sophisticated customers and investors, who are increasingly demanding faster, more convenient and timely services. For the finance institutions who serve global and regional institutional investors, this expectation is arguably compounded by the dynamic and fast-changing as well as the cross-border regulatory compliance requirements.

Gaby Diamant, Co-Founder and CEO of Bridgewise, says, “Bridgewise’s BRIDGET™ is a conversational AI investment tool that presents a significant leap forward for the global investment and securities industry. By integrating advanced AI with regulatory compliance, we are not only enhancing the efficiency and accuracy of investment decisions but also ensuring that these decisions are made within a secure and compliant framework. As one of the world’s few financial research intelligence platforms focused on serving the institutional investment sector, we are able to tailor BRIDGET™ to meet institutional-specific standards and requirements. This tool is a game-changer for financial institutions looking to stay ahead in a rapidly evolving sector, and to empower their analysts and investors to interact with data in a more intuitive and insightful manner, thereby enhancing decision-making processes.”

Addressing Key Challenges

In today’s fast-paced financial environment, analysts and investors face numerous challenges, including information overload, time constraints, and the need for precise, actionable insights. Unlike other existing LLMs which may generate quirky and interesting responses but do not deliver reliable investment recommendations, Bridgewise’s BRIDGET™ offers regulatory-compliant investment insights, including specific buy/sell recommendations for stocks. BRIDGET™ also addresses several key AI chatbot-related drawbacks, such as:

• Lack of Opinions or Investment Recommendations: Traditional chatbots refrain from recommending one stock over another, while BRIDGET™ provides actionable, regulatory-compliant advice, including specific buy/sell recommendations.
• Finance-Focused Expertise: Unlike general LLMs, BRIDGET™ uses a specialised Micro Language Model (MLM) tailored for conversations about investments and capital markets, offering a high level of expertise and precision.
• Hallucinations: Other chatbots often generate inaccurate or illogical suggestions, such as recommending nonexistent stocks or those with poor fundamentals. BRIDGET™ is designed to minimise these pitfalls, ensuring reliability in its investment advice because its MLM has been exclusively trained to understand and address the nuances of investment-specific topics.