Telescope AI partners with Sharesies to bring AI Search to Australian and NZ investors

By Laurene McMeckan on

Telescope AI partners with Sharesies to bring AI Search to Australian investors.

Telescope AI, an Australian startup specialising in generative AI for capital markets, has partnered with Sharesies, a leading wealth app, to launch AI Search - an AI-powered investment discovery tool designed to empower Sharesies’ 670,000+ Australian and New Zealand investors.

AI Search integrates Telescope AI’s technology into the Sharesies platform, helping users discover stocks with ease.

Investors can search for anything that comes to mind, from “space tourism” and “vertical farming” to “AI animals in zoos,” and AI Search will generate a deep search of relevant stocks available on the Sharesies platform across Australian, New Zealand, and US markets paired together with AI generated commentary.

AI Search running a "space tourism" search on the Sharesies platform.

Luc Pettett, Founder of Telescope AI, stated, “During testing, we’re discovering that investors are searching all sorts of interesting ideas. Previously, investors would just refer to a search engine. Now, they are able to explore unique investment themes and find relevant stocks, all within the Sharesies platform.”

The integration of Telescope AI’s technology into the Sharesies platform marks a significant step in applying artificial intelligence to personal finance and wealth management. AI Search serves as an educational resource for new investors and assists experienced investors in diversifying their portfolios based on their values and interests.

Brendan Doggett, Sharesies’ Country Manager for Australia, emphasised the potential for AI to democratise investing: “AI offers a powerful opportunity to make investing easy and accessible, which is a large part of Sharesies’ mission to create financial empowerment for everyone. With over 8,000 companies and funds available on our platform, finding the right investment can be overwhelming. AI Search promises to help our investors find stocks that match their interests and values, and makes it easier for them to put their money behind the companies and concepts that matter to them most.”

Initially, AI Search will be available to Sharesies’ Australian investors free of charge, with plans to extend the feature to all of its investors, including those in New Zealand, in the near future.

As with all AI-powered tools, ensuring ethical and regulatory compliance is crucial. Telescope AI has implemented robust monitoring and testing processes to maintain the integrity of AI Search’s outputs. Pettett emphasised, “We have a continuous feedback loop in place to monitor the effectiveness of our guardrails and the rationality of AI Search’s responses. This involves both human and AI monitoring to identify any inaccuracies or potential issues. We are committed to providing investors with a reliable and trustworthy tool that operates within ethical boundaries.”

About Sharesies:

The Sharesies platform was founded in 2017 in New Zealand and became available to Australians in early 2021. It offers over 670,000 investors the opportunity to buy shares and ETFs across the AU, US, and NZ markets with no minimum investment. The Sharesies vision is to give someone with $5 and $5M the same investment opportunities by removing barriers to investing through education, access, and motivation.

The Sharesies platform has more than $3 billion funds under management and offers a wide range of investments to suit both new and seasoned investors. Sharesies is a certified B-corp, meaning the company is committed to delivering a positive impact for its customers, suppliers, workers, community, and the environment.

For more information about Sharesies, visit: Sharesies ↗