Ukrainian startup Traidy develops AI application for the stock market

The introduction of AI into the stock market is not new. Companies are exploring different ways to use technology to improve trading strategies. However, Traidy's approach stands out due to the use of large language models (LLMs) popularized by ChatGPT to interpret social interactions and market data. Traditional brokerage platforms, while effective, often lack a deep understanding of market dynamics, which can lead to missed opportunities or misinterpretation of data. This was reported by SSPDaily.

"During the pandemic, we have witnessed a significant change in the stock market landscape, mainly due to the growth of social platforms such as WallStreetBets. This movement has not only strengthened the role of retail investors but also flooded the market with a stream of trading signals and information," says Oleksandr Bashynskyi, CEO of Traidy. "Keeping track of this data stream is a daunting task for any individual investor. That's where Traidy comes in. Our AI-powered platform is designed to analyze and interpret this vast array of information, making it manageable and usable for our users. We don't just simplify investing in the stock market; our goal is to provide investors with the tools they need to navigate through the noise of social platforms, financial news, and statistics."

To realize this mission, the startup is raising a $2 million Seed round of investment led by Three Sigma Ventures and a group of angel investors. "This capital will be used for technological improvements and expansion of our market presence. Our goal is not just to create another brokerage platform but to become an innovator in the way people interact with the stock market. We want to demystify the market and make it accessible and understandable for everyone," Bashynskyi added.