Would you let AI invest your money?

Hey there,

In today’s update:

📰 News: Investment advise by an AI?

🛠️ Tools: Improve your language skills with AI tutor.

🧠 Learn: Building VSCode extensions with GPT-4.

Reading time is 3 minutes. Let’s dive in 🤿

Your next financial advisor could be a Chatbot

JPMorgan chase is working on a new chatbot called IndexGPT for analyzing and selecting securities customized for your needs.

Robo-advisor is term used for automated investment and portfolio management software and exploded in popularity over the last decade with $2.7 trillion of assets under management in 2023!

Plus, the assets are growing at an impressive 14% annually and are projected to reach $4.6 trillion by 2027!

Generative AI chatbots are set to take this to the next level with personalized approach to wealth management.

NYC’s AI bias law

NYC will implement a new law to regulate how AI is used in hiring and promoting decisions. Companies using AI will have to notify candidates if an AI or an automated system was used in the decision making process.

The key point is to measure the “impact ratio” aka a calculation of the effect of using the software on a protected group of candidates, instead of explaining how a decision was made an AI.

Plus, companies will need independent audits to check the technology for bias!

New Tools
Leverage AI to grow

• Pixian.ai: A tool that helps you remove background image without affecting the quality of image.(link)

• Macro: AI powered document workspace to help you work faster! Navigate documents like web pages, generate files from templates, compare and consolidate edits from multiple files into one version (link)

• AI Palette: A plugin that streamlines the process of creating different color palettes for your designs. Also you can generate color palettes from text input and easily modify suggested colors.(link)

• Talkia AI: A learning platform where you can practice your language skills with artificial tutors in a safe and supportive environment.(link)

P.S. - Loosing track of all the AI tools? Share this email with 2 interested friends for access to our entire tools database: Copy link to share.

Misc
From the corners of the Internet

• Good Read: Building VSCode extensions with GPT-4 (link)

• ChatGPT expands to 11 more countries with 500K+ downloads in the first week (link)

• AI in Medicine: A new antibiotic capable of killing superbug discovered by AI (link)

• Had an interesting conversation with ChatGPT? Now you could share links to your chat (link)

• Tiktok is testing a new AI chatbot, Tako (link)