Spiking wins Overall 1st Runner-up, transitioning to WealthTech, using Domain-specific Model to serve the Capital Market.
SINGAPORE / ACCESSWIRE / October 25, 2023 / Spiking, a financial data and insights platform powered by real-time data and AI-driven predictions, today announced that it has won the Generative AI/AI category and placed as the Overall 1st runner-up in the Huawei Spark's Ignite Startups Competition 2023. The competition recognizes and supports the most promising startups in the Asia Pacific region that are using innovative technologies to solve real-world problems.
Spiking was selected for its use of AI to democratize access to financial data and insights for retail and institutional investors. The company's domain-specific model, powered by Large Language Models (LLMs) and Generative AI (GenAI), transforms Transactional Data and Content Data into tailored predictive insights. Spiking's flagship product, TradeGPT, utilizes a hybrid of calibrated LLMs and GenAI to create easy-to-understand content that assists users in making better investment decisions and automating their strategies.
"We are honored to be recognized by Huawei for our work in using AI to democratize access to financial data and insights," said Dr. Clemen Chiang, CEO and Founder of Spiking. "This award is a testament to our team's dedication to building innovative solutions that help people make better financial decisions."
"Huawei is committed to supporting the startup community and helping companies succeed," said Leo Jiang, Chief Digital Officer at Huawei Cloud & AI APAC. "We are impressed with Spiking's innovative use of AI to solve a real-world problem. We are confident that Spiking will continue to make a significant impact on the financial industry."
Spiking's Transition to WealthTech
Spiking is leveraging data to revolutionize and improve access to essential services with a view to transition from FinTech to WealthTech. This means that Spiking is expanding its focus beyond just stock trading to provide investors with a more holistic view of their finances and help them make better decisions about their wealth.
Spiking's transition to WealthTech is aligned with its vision to accelerate the world's transition to informed financial decisions. By providing investors with access to high-quality data and insights, Spiking can help them to reduce risk, improve returns, and achieve their financial goals.
About Spiking
Spiking is a financial data and insights platform powered by real-time data and AI-driven predictions. The company's domain-specific model, powered by Large Language Models (LLMs) and Generative AI (GenAI), transforms Transactional Data and Content Data into tailored predictive insights. Spiking's flagship product, TradeGPT, utilizes a hybrid of calibrated LLMs and GenAI to create easy-to-understand content that assists users in making better investment decisions and automating their strategies. Spiking is headquartered in Singapore.
About Huawei Spark's Ignite Startups Competition
The Huawei Spark's Ignite Startups Competition is a global competition that recognizes and supports the most promising startups in the Asia Pacific region that are using innovative technologies to solve real-world problems. The competition provides startups with access to Huawei's resources and expertise, as well as the opportunity to network with investors and potential customers.
Media Contact Organization: Spiking
Contact Person: Nic Yee
Website: https://spiking.com
Email: [email protected]
Address: 71 Ayer Rajah Crescent, #03-25, Singapore 139951
City: Singapore
Country: Singapore
SOURCE: Spiking