Artificial intelligence could give retail investors access
to insights that were previously limited to top hedge funds, according to eToro
CEO Yoni Assia.

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“AI knows the best investors in the world,” Assia told
Yahoo Finance, noting that it has processed books, memos, and information from
leading investors. He added that this technology can put “in your hand a
retail investor, power that was available only to the top, top quantitative,
most sophisticated hedge funds.”

In August, eToro
launched a set of AI tools and APIs allowing users to build their own
investing tools. The platform also introduced Tori, a chatbot that can analyze
portfolios and answer user questions.

Users Can Simulate Buffett, Graham Strategies

Some users have developed applications reflecting the
strategies or personas of famous investors like Warren Buffett and Benjamin
Graham. “I want their personas…to comment on my portfolio,” Assia
explained. “And then I want to rebalance my portfolio based on their
insights.”

Tori also allows users to track market developments and see
how they affect their holdings. “You can ask what happened yesterday in
the markets and how it impacts my portfolio,” Assia said.

Assia, who started trading at 13, co-founded eToro in 2007
as a social investing platform. He emphasized that while trading requires time
and effort, investing is something that everyone can learn. “Trading [is]
like professional sports, you need to invest a lot of time and effort to become
a good trader over time,” he said.

Net Income Rises, Crypto Drives Revenue

Meanwhile, eToro
reported modest third-quarter growth, with net income rising to $57 million
and net contribution reaching $215 million. Revenue grew 28% year-over-year,
driven mainly by cryptocurrency trading.

The platform added 100,000 funded accounts, bringing the
total to 3.73 million, while assets under administration reached $20.8 billion.
The board approved a $150 million share buyback, and the company is exploring
prediction markets to expand user engagement. Adjusted EBITDA increased
moderately, reflecting revenue growth and cost management.

This article was written by Tareq Sikder at www.financemagnates.com.

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