Singapore-based online brokerage firm Tiger Brokers has introduced TigerGPT, a text-generating artificial intelligence (AI) chatbot developed as the first deployment of AI investment assistant in the brokerage industry.

Tiger Brokers said in a statement on Tuesday that TigerGPT which is now in user testing, aims to offer timely market and stock data, conduct investor education, and deliver deep analysis from various sources in seconds, empowering users to make efficient and informed investment decisions.

TigerGPT which is developed as a text-generating AI chatbot on Tiger Brokers’ flagship platform Tiger Trade, will leverage Tiger Brokers’ vast financial content pool and OpenAI technology.

TigerGPT leverages Tiger Brokers’ vast content library and its expansive access to paid sources to offer timely and informative responses, including but not limited to, listed companies’ profiles and data, an ocean of financial knowledge and investor education materials, and market and stock insights, in a response to users’ investment-related queries in easily digestible conversations within a span of seconds.

This feature helps save time spent on market research and raises efficiency in pre-investment preparation.

In the meantime, TigerGPT is undergoing daily-basis training and absorbing the latest market updates to ensure the interactions are concise and to-the-point, thanks to the company’s self-owned meticulous classification and easy navigation of information — two key benchmarks that define Tiger Brokers’ ever-improving R&D capabilities.

“At Tiger Brokers, our commitment is to constantly facilitating global investing by placing innovations at the center of every step we take in creating the best possible user experience, boosting our users’ overall investing literacy, and bringing more sense to smart investing,” said Wu Tianhua, Founder and Chief Executive Officer of Tiger Brokers.

“No more overwhelmed by the mountains of scattered data and information, we do believe our TigerGPT feature can bring a fresh breeze deeply valued by users, by addressing various queries on investment research, quenching curiosities of specific stocks and industries, and presenting the very piece of information needed in a well-articulated and highly-pertinent manner — all the factors needed before making informed, efficient and smart investments,” he added.

The company’s research and development (R&D) team is also adding more languages in Tiger GPT to its current support in English, Traditional Chinese, and Mandarin Chinese, in tandem with the company’s scaling up global expansion.

TigerGPT is now undergoing user testing in selected markets.

Tiger Brokers is a leading online brokerage firm founded in 2014 with a focus on redefining global investing with technologies for the next generation.

Currently, the firm offers a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.