The electronic investment of public.com, which started life as an application for social transaction, has announced that it is now leaving a social transaction.
And the reason given? AI, of course.
In a blog post entitled “Sunsetting Social”, Public explained that when it started for the first time, a key feature of the product was the ability to see other people’s transactions and their ideas around markets – everyone comes together in a social food. It was a new idea that helped publicize not only a place on trade but a community.
Over the years, the product has matured, as did Public customers. The public is now a tool suite that help people build portfolios that cover a huge range of assets – from stocks, encryption and choices, to treasures and bonds. Existing customers have become more sophisticated as they learned their way around markets and new customers are now mostly people who already have extensive investment experience.
At the same time, a new technology – AI appeared.
It’s been more than two years since Public started Alpha, which incorporated AI’s capabilities into many aspects of the public platform. Its customers today are much more sophisticated than it was when the public originally started. At the same time, a new technology has emerged that has the power to adapt to the level of experience and complexity of each person. No matter how stupid, deep and experienced.
The main cases of use of social flow were people who publish profit calls and bite size updates about what is happening in markets on a given day. Now, this accurate content is created by AI. Faster, more accurate and woven throughout the product experience, where it appears in the best frame.
AI has a cannibalized social
The company added that this is an incredibly exciting moment to build. The State said he would continue to expand on how AI can drastically improve the experience and performance of everyone in the markets. Through new ways to create financial products, such as created assets, ideas and market research, such as Alpha and other exciting new features you will learn soon.