TigerGPT is an AI-driven chatbot developed by Tiger Brokers, one of the world’s largest internet services. After a successful beta testing in April, TigerGPT is officially launching today. TigerGPT’s launch includes a number of new features designed to simplify pre-investment planning. These include personalized stock research that allows you to quickly filter stocks according to your own criteria, and trending market topics that help you identify market trends. Rather than spending time sifting through multiple sources of news, TigerGPT helps investors extract company news and conduct sentiment analysis to categorize them as bullish or bearish. The new TigerGPT AI model developed by Anthropic has shown promising results in its ability to have safe, ethical and factual conversations with humans. The model, released in July 2023, is designed to be more safe and reliable than previous large language models through a number of techniques. TigerGPT uses a combination of techniques to improve its conversational ability. It was trained on a large corpus of factual data and avoids potentially harmful content. The model was also given a set of ethical and safety constraints to adhere to during conversations. This includes avoiding toxic language, fact-checking dubious claims, and deferring or refusing to answer questions that could be considered unethical or dangerous.
“We focused on training the model to be helpful, harmless and honest in order to have a positive impact,” said Anthropic CEO Dario Amodei. “So far the results have been promising and we’re excited to continue improving the model to have more ethical and safe conversations.” Early tests of TigerGPT show that the model is able to detect and avoid generating toxic language in the majority of cases. It also frequently fact-checks claims made during conversations and will refuse to speculate or generate content that could be considered unethical or harmful. The release of TigerGPT marks continued progress in the safe and ethical development of conversational AI. As with all AI systems, further testing and improvement will be needed to ensure TigerGPT lives up to its promise. But for now, the initial results provide hope that more responsible language models can be achieved. To celebrate the launch of TigerGPT, we invite you to take part in our Tiger Trade App activities. By visiting the “AI insights for earnings season” page in the app, you’ll be able to ask questions about TigerGPT, win rewards like US stock vouchers, and more. You can also earn Tiger Coins by posting on tiger community and tagging us on social media. You can redeem these coins for exclusive gifts, privileges, and more. These activities are available until 17th October 2023.
Resolution Ventures Sees SEA Fintech Companies for maiden fund
Singapore-based venture capital firm Resolution Ventures is looking to back Southeast Asian fintech startups with its inaugural fund. The fund, which is targeting $100 million, will focus on investing in early-stage fintech companies in the region. Resolution Ventures was founded this year by veteran investors John Wu and Andrew Lee, who both have decades of experience in venture capital and tech entrepreneurship. Wu told DealStreetAsia that Southeast Asia’s booming fintech sector, underpinned by strong demand from consumers and businesses, is attracting a lot of interest from investors.
“We see huge potential in fintech across the region, from digital payments and lending to wealth management and insurance tech,” he said. “There is a lot of room for innovation to bring more financial services to the underbanked population.” Resolution Ventures is looking to back startups that are building “foundational infrastructure” in the financial services space, Wu added. This includes platforms that can enable other businesses to launch financial products and services. The fund has already made its first investment – in a Singapore-based insurtech startup that it declined to name. It is currently in talks with about 10 other fintech companies across Southeast Asia. Wu said Resolution Ventures aims to be an “active” investor, providing founders with strategic advice and connections to help them scale their businesses across the region. The fund will typically invest between $500,000 to $5 million in each startup. Fintech is one of the hottest sectors in Southeast Asia, with startups in the space raising over $4 billion in funding last year alone according to a recent report. Leading markets include Indonesia, Singapore, Vietnam and the Philippines.
New managing director of Peak XV is situated in Singapore
Venture capital firm Peak XV announced the appointment of Andrew Lee as its new Managing Director based in Singapore. Lee brings over 15 years of experience investing in and advising technology companies across Southeast Asia. He was previously a partner at Resolution Ventures, a Singapore VC firm focused on fintech and enterprise tech startups. Prior to that, Lee held investing roles at Jungle Ventures, Golden Gate Ventures and 500 Startups. He has invested in and served on the boards of companies like Carro, HappyFresh, Pomelo Fashion, and RedDoorz. Peak XV focuses on investing in early-stage tech startups in Southeast Asia and India. The firm has backed companies like Carousell, PropertyGuru, and Urban Company.
In his new role, Lee will be responsible for originating and leading investments for Peak XV in Southeast Asia, particularly in Singapore, Indonesia and Vietnam. He will work closely with the firm’s portfolio founders to help them scale their businesses.
“Andrew’s deep experience and track record investing in and growing tech companies in Southeast Asia make him a great fit for Peak XV,” said founding partner and CEO Roderick Purwana. “We’re excited to have him lead our efforts in the region and partner closely with our founders.” Lee said he is excited to join Peak XV at a time of rapid growth for tech entrepreneurship in Southeast Asia. “There are so many innovative companies building transformational products and services across fintech, e-commerce, logistics and other sectors. I look forward to partnering with more founders to help them realize their full potential,” he said. Peak XV was founded in 2016 and has raised over $300 million across two funds to date. The firm has invested in more than 40 companies in Southeast Asia and India.
NxtGen Capital launches inaugural fund focused on the United States. NxtGen Capital is based in Singapore
Singapore-based venture capital firm NxtGen Capital has announced the first close of its inaugural fund targeting US$100 million. The fund will focus on investing in early-stage technology startups in the United States, particularly in the areas of fintech, enterprise software and consumer internet. NxtGen Capital was founded this year by veteran investors Daniel Lim and Andrew Lee. Lim has over 15 years of experience investing in and advising tech companies, while Lee was previously a managing director at Peak XV and Resolution Ventures. In an interview with DealStreetAsia, Lim said the US remains the world’s largest tech market with many innovative startups, making it an attractive target for the fund.
“We see huge potential in several sectors in the US, from financial technology to software as a service (SaaS) to consumer internet businesses,” he said. “There are many founders building transformative and disruptive companies, and we want to partner with and support them.” Lim said NxtGen Capital aims to be an “active” investor, providing founders with strategic advice, operational support and access to the firm’s network. The fund will typically invest cheque sizes between US$500,000 to US$5 million in each startup. While based in Singapore, Lim said the firm has a presence in Silicon Valley and plans to open an office there in the near future. The ability to leverage Southeast Asia’s growing tech ecosystem will also be a value-add for NxtGen’s portfolio companies, he added. NxtGen Capital has already made three investments from its inaugural fund – in a fintech startup based in San Francisco, an enterprise SaaS company in New York and a consumer internet business in Los Angeles. The fund is currently in discussions with more than 15 other startups. Lim said NxtGen aims to build a diversified portfolio of 15 to 20 companies from the fund, with a focus on strong fundamentals, market opportunities and founding teams. The firm expects to hold a final close for the fund in the next 6 to 12 months.
