Calgary-based cryptocurrency analysis platform Guavy has launched its iOS app, with an Android app in the works.
The sentiment tracker uses an AI large language model that reads and weights hundreds of millions of data points from about 350 sources, such as news articles, blogs and institutional feeds, to indicate bull, bear or hold market sentiments.
It’s important to use multiple sources and weight them, as each individual source has bias, Donna Tilden, CEO and founder of Guavy, explained in an interview.
Guavy launched in 2016 and offers a sandbox for developers and quantitative analysts to create custom information feeds. While some hedge funds in the U.K. are using Guavy, with increasing interest from family offices, the iOS app is designed for more casual, individual crypto traders, Tilden said.
But sentiment is only one piece of the puzzle, Tilden stressed. “The hedge fund in the U.K. … is not going to rely on a signal from Guavy to make trading decisions. It’s a small piece.”
Eventually, Tilden wants to expand Guavy’s sentiment analysis to tokenized securities, after the company raises more investor funds. The nascent field is growing, as evidenced by New York Stock Exchange’s announcement that it’s developing a tokenized securities platform to trade U.S.-listed securities and ETFs around the clock.
Tilden wants to work with wealth management firms to make Guavy available to portfolio managers their clients. “We’ve made it very easy to integrate with platforms, minimizing he friction that companies have when it comes to implementing new software.”
Financial planning software challenger snags enterprise customer
Vancouver-based Customplan Financial Advisors Inc. says it’s partnered with VibePlan to use its Canadian financial planning and analysis software.
VibePlan’s AI-powered platform provides advisors with behavioural insights and guided planning workflows to help build client relationships, according to a VibePlan release.
VibePlan launched as Evad AI in 2024. Dave Faulkner, president and CEO of VibePlan, previously founded financial planning software companies FP Solutions and RazorPlan.
Customplan is VibePlan’s first enterprise customer.
Manulife starts using new small language model
Manulife has selected New York-based Adaptive ML to provide fine-tuning technology as part of the insurer’s enterprise AI system.
Adaptive ML uses a reinforcement learning engine to refine small language models for business applications. Reinforcement learning is a type of supervised machine learning where the system learns optimal actions through trial and error to maximize cumulative rewards through a reward and penalty system for its choices.
Manulife is looking to explore automating underwriting quotes and advising salespeople, among other processes, with Adaptive ML.
“In addition to using large language models for certain use cases, the targeted use of specialist language models tuned on this platform will seek to provide both accuracy and cost efficiency benefits,” Jodie Wallis, chief AI officer at Manulife, said in a statement.