“I Want Warren Buffett to Comment on My Portfolio,” eToro CEO Says on AI in Retail Trading

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Artificial intelligence could give retail investors accessto insights that were previously limited to top hedge funds, according to eToroCEO Yoni Assia.Discoverhow neo-banks become wealthtech in London at the fmls25"AI knows the best investors in the world," Assia toldYahoo Finance, noting that it has processed books, memos, and information fromleading investors. He added that this technology can put "in your hand aretail investor, power that was available only to the top, top quantitative,most sophisticated hedge funds."In August, eTorolaunched a set of AI tools and APIs allowing users to build their owninvesting tools. The platform also introduced Tori, a chatbot that can analyzeportfolios and answer user questions.Users Can Simulate Buffett, Graham StrategiesSome users have developed applications reflecting thestrategies or personas of famous investors like Warren Buffett and BenjaminGraham. "I want their personas…to comment on my portfolio," Assiaexplained. "And then I want to rebalance my portfolio based on theirinsights."Tori also allows users to track market developments and seehow they affect their holdings. "You can ask what happened yesterday inthe markets and how it impacts my portfolio," Assia said.Assia, who started trading at 13, co-founded eToro in 2007as a social investing platform. He emphasized that while trading requires timeand effort, investing is something that everyone can learn. "Trading [is]like professional sports, you need to invest a lot of time and effort to becomea good trader over time," he said.Net Income Rises, Crypto Drives RevenueMeanwhile, eTororeported modest third-quarter growth, with net income rising to $57 millionand net contribution reaching $215 million. Revenue grew 28% year-over-year,driven mainly by cryptocurrency trading. The platform added 100,000 funded accounts, bringing thetotal to 3.73 million, while assets under administration reached $20.8 billion.The board approved a $150 million share buyback, and the company is exploringprediction markets to expand user engagement. Adjusted EBITDA increasedmoderately, reflecting revenue growth and cost management.This article was written by Tareq Sikder at www.financemagnates.com.