Long-term investing platform Public launched a new
AI-powered feature called Generated Assets, allowing users to turn any thematic
idea into a custom equity index. According to the company, investors can now generate,
fine-tune, and track personalized indexes benchmarked against the S&P 500,
with a simple text prompt.
Company Filings Analysis
At launch, users can create indexes based on prompts
like “companies that have flat org charts” or “CEOs under 40.” Public’s AI
system analyzes company filings and other publicly available data to compile a
list of stocks that meet the criteria.
The tool then backtests the resulting index against
historical market data to show how it would have performed. Public plans to introduce investment capabilities for
the custom indexes in the near future. For now, users can monitor their indexes
and share them via a leaderboard on the platform.
The company positions the tool as an AI-assisted
alternative to traditional investing approaches, aiming to give users more
autonomy without requiring extensive market expertise. The feature supports a wide range of use cases, from
exploring niche investment ideas to identifying overlooked market themes.
Recent Developments
Public, which launched in 2019, has raised over $400
million from investors including Accel and Tiger Global. The New York-based
platform supports long-term investing across multiple asset classes, including
stocks, bonds, crypto, and options.
The addition of Generated Assets reflects growing
efforts across the fintech industry to integrate AI tools into investment
platforms, enabling greater customization and accessibility for individual
investors.
Long-term investing platform Public launched a new
AI-powered feature called Generated Assets, allowing users to turn any thematic
idea into a custom equity index. According to the company, investors can now generate,
fine-tune, and track personalized indexes benchmarked against the S&P 500,
with a simple text prompt.
Company Filings Analysis
At launch, users can create indexes based on prompts
like “companies that have flat org charts” or “CEOs under 40.” Public’s AI
system analyzes company filings and other publicly available data to compile a
list of stocks that meet the criteria.
The tool then backtests the resulting index against
historical market data to show how it would have performed. Public plans to introduce investment capabilities for
the custom indexes in the near future. For now, users can monitor their indexes
and share them via a leaderboard on the platform.
The company positions the tool as an AI-assisted
alternative to traditional investing approaches, aiming to give users more
autonomy without requiring extensive market expertise. The feature supports a wide range of use cases, from
exploring niche investment ideas to identifying overlooked market themes.
Recent Developments
Public, which launched in 2019, has raised over $400
million from investors including Accel and Tiger Global. The New York-based
platform supports long-term investing across multiple asset classes, including
stocks, bonds, crypto, and options.
The addition of Generated Assets reflects growing
efforts across the fintech industry to integrate AI tools into investment
platforms, enabling greater customization and accessibility for individual
investors.
This post is originally published on FINANCEMAGNATES.
