Q.ai Named “Best Deep Learning Platform” in 2021 Artificial Intelligence Breakthrough Awards Program
by The Q.ai Team
International Annual Awards Program Honors Standout AI and Machine Learning Solutions and Companies
JERSEY CITY, N.J., June 23, 2021 – Q.ai, a Forbes company, today announced that Q.ai has been selected as the winner of “Best Deep Learning Platform” in the fourth annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market today.
Q.ai is the first AI-powered mobile app hedge fund that offers retail investors AI-powered portfolio management. As the first AI-powered multi-strategy investment digital mobile app, the solution offers access to best-in-class top-performing AI portfolios called investing kits based on a user’s risk profile. Q.ai automatically manages and rebalances their portfolio to maximize returns.
The platform learns about each individual investor so they can be matched with dynamic, AI-powered investing kits that align with their “investor personalities” based on important factors like desired risk tolerance, personal investing goals and experience. Q.ai democratizes investing by bringing top-performing kits to the public that are typically reserved for the Wall Street elite over the average investor.
“Despite all of the claims to leverage AI, the investment management industry has lacked differentiation and failed to offer a transparent marketplace for the average investor. Q.ai is providing ‘breakthrough’ AI technology so that everyone has access to the same advanced investment strategies that Wall Street banks and hedge funds leverage,” said James Johnson, managing director, AI Breakthrough. “With Q.ai, it really is like having a hedge fund in your pocket. Congratulations to the entire Q.ai team for winning our ‘Best Deep Learning Platform’ award.”
The mission of the AI Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of AI and machine learning related categories, including AI platforms, Deep Learning, Smart Robotics, Business Intelligence, Natural Language Processing, industry specific AI applications and many more. This year’s program attracted more than 2,850 nominations from over 17 different countries throughout the world.
“Many digital wealth-management products in the retail investor market fail to address the unequal access to unique investment strategies, best-in-class fund managers and top quality financial advice. Additionally, the heavy concentration in a small number of mutual fund complexes offers slim choices, weak product differentiation and no access to the leading hedge funds,” said Q.ai CEO and Founder Stephen Mathai-Davis. “Nearly 75% of the $21 trillion mutual fund industry is controlled by three companies. We created Q.ai to help the average investor build a truly diversified investment portfolio. Thank you to AI Breakthrough for this incredible acknowledgement of what we are trying to do.”
Q.ai, a Forbes company, formerly known as Quantalytics AI Labs and Quantamize, uses advanced forms of quantitative techniques and artificial intelligence to generate investment recommendations across multiple asset classes including Stocks, ETFs, Options and Cryptocurrencies. Q.ai was co-founded by Stephen Mathai-Davis and Wallace Mathai-Davis in 2017. In November 2019, Forbes Media took a majority stake in Q.ai. Trading Strategies provided by Q.ai are general in nature and not customized for any specific investor.
About AI Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including AI Platforms, Robotics, Business Intelligence, AI Hardware, NLP, Vision, Biometrics and more. For more information visit AIBreakthroughAwards.com.