A Duquesne Capital veteran will use artificial intelligence to help investors anticipate cryptocurrency fluctuations through his fintech company TOGGLE AI.
TOGGLE AI, co-founded by Jan Szilagyi and Giuseppe Sette, uses artificial intelligence to track price shifts in stocks, commodities, and fixed income. The company announced Tuesday that it would start analyzing over 400 cryptocurrencies in addition to major currencies like Bitcoin and Ethereum, which were previously included in TOGGLE’s analytics.
Szilagyi, the firm’s chief executive officer, told Institutional investor that the appeal of artificial intelligence resides in its ability to analyze, process, and present millions of data points at an inhuman speed. This means that platforms like TOGGLE can present users with predictions for over 35,000 securities, an impossible feat for a single human analyst.
“AI is able to process a large amount of data and then process certain patterns that might be useful,” he said.