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AI Revolution: How PortfolioPilot is Disrupting Wealth Management
PortfolioPilot, an AI-powered financial advisor, is revolutionising wealth management with personalised, automated advice, gaining $20 billion in assets in just two years.
Published
10 months agoon
By
AIinAsia
TL;DR:
- PortfolioPilot, an AI-powered financial advisor, has gained $20 billion in assets in just two years.
- The service uses generative AI for personalised financial advice and has over 22,000 users.
- The startup aims to disrupt the traditional wealth management industry with automated, tailored insights.
In the dynamic world of finance, a new player has emerged, challenging the status quo of wealth management. PortfolioPilot, an AI-powered financial advisor, has swiftly gained $20 billion in assets, offering a glimpse into the disruptive potential of artificial intelligence in this sector. Let’s dive into the fascinating story of PortfolioPilot and explore how it’s changing the game.
The Rise of PortfolioPilot
PortfolioPilot, launched by Global Predictions, has attracted over 22,000 users since its inception two years ago. The San Francisco-based startup recently secured $2 million in funding from investors, including Morado Ventures and the NEA Angel Fund, to fuel its growth. But what sets PortfolioPilot apart in the competitive world of wealth management?
The Power of Generative AI
PortfolioPilot leverages generative AI models from OpenAI, Anthropic, and Meta’s Llama, combining them with machine learning algorithms and traditional finance models. This powerful mix enables the platform to provide personalised financial advice tailored to each user’s unique portfolio and risk tolerance.
Alexander Harmsen, the 32-year-old co-founder of Global Predictions, emphasises the importance of personalisation in wealth management:
“People are fed up with cookie-cutter portfolios. They really want opinionated insights; they want personalised recommendations. If we think about next-generation advice, I think it’s truly personalised, and you get to control how involved you are.”
How PortfolioPilot Works
PortfolioPilot focuses on three main factors when evaluating portfolios: investment risk levels, risk-adjusted returns, and resilience against sharp declines. Users can connect their investment accounts or manually input their stakes to receive a report card-style grade of their portfolio. The service is free, but a $29 per month “Gold” account offers personalised investment recommendations and an AI assistant.
Harmsen explains the practical advice provided by PortfolioPilot:
“We will give you very specific financial advice, we will tell you to buy this stock, or ‘Here’s a mutual fund that you’re paying too much in fees for, replace it with this.’ It could be simple stuff like that, or it could be much more complicated advice, like, ‘You’re overexposed to changing inflation conditions, maybe you should consider adding some commodities exposure.’”
Targeting the Affluent
PortfolioPilot targets individuals with between $100,000 and $5 million in assets – those who have enough wealth to consider diversification and portfolio management. The median user has a net worth of $450,000. Currently, the startup doesn’t take custody of user funds but provides detailed directions on tailoring portfolios. However, Harmsen hints at a future where PortfolioPilot may offer more automation and deeper integrations, potentially even a second-generation robo-advisor system.
The Future of Wealth Management
Harmsen predicts a significant shake-up in the traditional wealth management industry as AI continues to advance. He believes that many current providers will struggle to adapt to the transition towards fully automated advice. The key, according to Harmsen, is using AI and economic models to generate advice automatically – a monumental leap for the traditional industry.
Regulatory Scrutiny
PortfolioPilot’s rapid rise has not gone unnoticed by regulators. In March, the Securities and Exchange Commission accused Global Predictions of making misleading claims on its website, resulting in a $175,000 fine and a change in the company’s tagline. Despite this setback, PortfolioPilot continues to push the boundaries of AI-driven wealth management.
The Birth of PortfolioPilot
The idea for PortfolioPilot was born out of Harmsen’s personal frustration with traditional financial advisors. After selling his first company, he found himself dissatisfied with the standard approaches offered by advisors. He wanted hedge fund-quality tools and risk management strategies, leading him to develop PortfolioPilot initially for his own use. Realising its broader potential, Harmsen assembled a team, including former employees of Bridgewater Associates, to launch Global Predictions.
The Impact of AI on Wealth Management
The advent of AI in wealth management is poised to disrupt the industry significantly. Traditional human advisors may face obsolescence as generative AI models become increasingly sophisticated. However, the industry has shown resilience, with giants like Morgan Stanley and Bank of America continuing to grow despite the rise of robo-advisors. The future will likely see a blend of human expertise and AI-driven insights, offering clients the best of both worlds.
Comment and Share
What do you think about the future of AI in wealth management? Will human advisors become obsolete, or will they coexist with AI-driven platforms like PortfolioPilot? Share your thoughts and experiences in the comments below, and don’t forget to subscribe for updates on AI and AGI developments. We’d love to hear from you!
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- To learn more about AI in wealth management, tap here.
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The Dirty Secret Behind Your Favourite AI Tools
This piece explores the hidden environmental costs of AI, focusing on electricity and water consumption by popular models like ChatGPT. It unpacks why companies don’t disclose energy usage, shares sobering statistics, and spotlights efforts pushing for transparency and sustainability in AI development.
Published
8 hours agoon
June 5, 2025By
AIinAsia
The environmental cost of artificial intelligence is rising fast — yet the industry remains largely silent. Here’s why that needs to change.
TL;DR — What You Need To Know
- AI systems like ChatGPT and Google Gemini require immense electricity and water for training and daily use
- There’s no universal standard or regulation requiring AI companies to report their energy use
- Estimates suggest AI-related electricity use could exceed 326 terawatt-hours per year by 2028
- Lack of transparency hides the true cost of AI and hinders efforts to build sustainable infrastructure
- Organisations like the Green Software Foundation are working to make AI’s carbon footprint more measurable
AI Is Booming — So Are AI’s Environmental Impact
AI might be the hottest acronym of the decade, but one of its most inconvenient truths remains largely hidden from view: the vast, unspoken energy toll of its everyday use. The focus keyphrase here is clear: AI’s environmental impact.
With more than 400 million weekly users, OpenAI’s ChatGPT ranks among the five most visited websites globally. And it’s just the tip of the digital iceberg. Generative AI is now baked into apps, search engines, work tools, and even dating platforms. It’s ubiquitous — and ravenous.
Yet for all the attention lavished on deepfakes, hallucinations and the jobs AI might replace, its environmental footprint receives barely a whisper.
Why AI’s Energy Use is Such a Mystery
Training a large language model is a famously resource-intensive endeavour. But what’s less known is that every single prompt you feed into a chatbot also eats up energy — often equivalent to seconds or minutes of household appliance use.
The problem is we still don’t really know how much energy AI systems consume. There are no legal requirements for companies to disclose model-specific carbon emissions and no global framework for doing so. It’s the wild west, digitally speaking.
Why? Three reasons:
- Commercial secrecy: Disclosing energy metrics could expose architectural efficiencies and other competitive insights
- Technical complexity: Models operate across dispersed infrastructure, making attribution a challenge
- Narrative management: Big Tech prefers to market AI as a net-positive force, not a planetary liability
The result is a conspicuous silence — one that researchers, journalists and environmentalists are now struggling to fill.
The stats we do have are eye-watering
MIT Technology Review recently offered a sobering benchmark: a 5-second AI-generated video might burn the same energy as an hour-long microwave session.
Even a text-based chatbot query could cost up to 6,700 joules. Scale that by billions of queries per day and you’re looking at a formidable energy footprint. Add visuals or interactivity and the costs balloon.
The broader data centre landscape is equally stark. In 2024, U.S. data centres were estimated to use around 200 terawatt-hours of electricity — roughly the same as Thailand’s annual consumption. By 2028, AI alone could push this to 326 terawatt-hours.
That’s equivalent to:
- Powering 22% of American homes
- Driving over 300 billion miles
- Completing 1,600 round trips to the sun (in carbon terms)
Water usage, often overlooked, is another major concern. AI infrastructure guzzles water for cooling, posing risks during heatwaves and water shortages. As AI adoption grows, so too does this hidden drain on natural resources.
What’s being done — and who’s trying to fix it
A handful of organisations are beginning to push for accountability.
The Green Software Foundation — backed by Microsoft, Google, Siemens, and others — is creating sustainability standards tailored for AI. Through its Green AI Committee, it champions:
- Lifecycle carbon accounting
- Open-source tools for energy tracking
- Real-time carbon intensity metrics
Meanwhile, governments are cautiously stepping in. The EU AI Act encourages sustainability via risk assessments. In the UK, the AI Opportunities Action Plan and British Standards Institution are working on guidance for measuring AI’s carbon toll.
Still, these are fledgling efforts in an industry sprinting ahead. Without enforceable mandates, they risk becoming toothless.
Why transparency matters more than ever for AI carbon emissions
We can’t manage what we don’t measure. And in AI, the stakes are immense.
Without accurate data, regulators can’t design smart policies. Infrastructure planners can’t future-proof grids. Consumers and businesses can’t make ethical choices.
Most of all, AI firms can’t credibly claim to build a better world while masking the true environmental cost of their platforms. Sustainability isn’t a PR sidecar — it must be built into the business model.
So yes, generative AI may be dazzling. But if it’s to earn its place in a sustainable digital future, the first step is brutally simple: tell us how much it costs to run.
You May Also Like:
- AI Powering Data Centres and Draining Energy
- AI Increases Google’s Carbon Footprint by Nearly 50%
- The Thirst of AI: A Looming Water Crisis in Asia
- You can read more from the IEA by tapping here.
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How To Teach ChatGPT Your Writing Style
This warm, practical guide explores how professionals can shape ChatGPT’s tone to match their own writing style. From defining your voice to smart prompting and memory settings, it offers a step-by-step approach to turning ChatGPT into a savvy writing partner.
Published
2 days agoon
June 4, 2025By
AIinAsia
TL;DR — What You Need To Know
- ChatGPT can mimic your writing tone with the right examples and prompts
- Start by defining your personal style, then share it clearly with the AI
- Use smart prompting, not vague requests, to shape tone and rhythm
- Custom instructions and memory settings help ChatGPT “remember” you
- It won’t be perfect — but it can become a valuable creative sidekick.
Start by defining your voice
Before ChatGPT can write like you, you need to know how you write. This may sound obvious, but most professionals haven’t clearly articulated their voice. They just write.
Think about your usual tone. Are you friendly, brisk, poetic, slightly sarcastic? Do you use short, direct sentences or long ones filled with metaphors? Swear words? Emojis? Do you write like you talk?
Collect a few of your own writing samples: a newsletter intro, a social media post, even a Slack message. Read them aloud. What patterns emerge? Look at rhythm, vocabulary and mood. That’s your signature.
Show ChatGPT your writing
Now you’ve defined your style, show ChatGPT what it looks like. You don’t need to upload a manifesto. Just say something like:
“Here are three examples of my writing. Please analyse my tone, sentence structure and word choice. I’d like you to write like this moving forward.”
Then paste your samples. Follow up with:
“Can you describe my writing style in a few bullet points?”
You’re not just being polite. This step ensures you’re aligned. It also helps ChatGPT to frame your voice accurately before trying to imitate it.
Be sure to offer varied, representative examples. The more you reflect your daily writing habits across different formats (emails, captions, articles), the sharper the mimicry.
Prompt with purpose
Once ChatGPT knows how you write, the next step is prompting. And this is where most people stumble. Saying, “Make it sound like me” isn’t quite enough.
Instead, try:
“Rewrite this in my tone — warm, conversational, and a little cheeky.” “Avoid sounding corporate. Use contractions, variety in sentence length and clear rhythm.”
Yes, you may need a few back-and-forths. But treat it like any editorial collaboration — the more you guide it, the better the results.
And once a prompt nails your style? Save it. That one sentence could be reused dozens of times across projects.
Use memory and custom instructions
ChatGPT now lets you store tone and preferences in memory. It’s like briefing a new hire once, rather than every single time.
Start with Custom Instructions (in Settings > Personalisation). Here, you can write:
“I use conversational English with dry humour and avoid corporate jargon. Short, varied sentences. Occasionally cheeky.”
Once saved, these tone preferences apply by default.
There’s also memory, where ChatGPT remembers facts and stylistic traits across chats. Paid users have access to broader, more persistent memory. Free users get a lighter version but still benefit.
Just say:
“Please remember that I like a formal tone with occasional wit.”
ChatGPT will confirm and update accordingly. You can always check what it remembers under Settings > Personalisation > Memory.
Test, tweak and give feedback
Don’t be shy. If something sounds off, say so.
“This is too wordy. Try a punchier version.” “Tone down the enthusiasm — make it sound more reflective.”
Ask ChatGPT why it wrote something a certain way. Often, the explanation will give you insight into how it interpreted your tone, and let you correct misunderstandings.
As you iterate, this feedback loop will sharpen your AI writing partner’s instincts.
Use ChatGPT as a creative partner, not a clone
This isn’t about outsourcing your entire writing voice. AI is a tool — not a ghostwriter. It can help organise your thoughts, start a draft or nudge you past a creative block. But your personality still counts.
Some people want their AI to mimic them exactly. Others just want help brainstorming or structure. Both are fine.
The key? Don’t expect perfection. Think of ChatGPT as a very keen intern with potential. With the right brief and enough examples, it can be brilliant.
You May Also Like:
- Customising AI: Train ChatGPT to Write in Your Unique Voice
- Elon Musk predicts AGI by 2026
- ChatGPT Just Quietly Released “Memory with Search” – Here’s What You Need to Know
- Or try these prompt ideas out on ChatGPT by tapping here
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Adrian’s Arena: Will AI Get You Fired? 9 Mistakes That Could Cost You Everything
Will AI get you fired? Discover 9 career-killing AI mistakes professionals make—and how to avoid them.
Published
3 weeks agoon
May 15, 2025
TL;DR — What You Need to Know:
- Common AI mistakes that cost jobs can happen — fast
- Most are fixable if you know what to watch for.
- Avoid these pitfalls and make AI your career superpower.
Don’t blame the robot.
If you’re careless with AI, it’s not just your project that tanks — your career could be next.
Across Asia and beyond, professionals are rushing to implement artificial intelligence into workflows — automating reports, streamlining support, crunching data. And yes, done right, it’s powerful. But here’s what no one wants to admit: most people are doing it wrong.
I’m not talking about missing a few prompts or failing to generate that killer deck in time. I’m talking about the career-limiting, confidence-killing, team-splintering mistakes that quietly build up and explode just when it matters most. If you’re not paying attention, AI won’t just replace your role — it’ll ruin your reputation on the way out.
Here are 9 of the most common, most damaging AI blunders happening in businesses today — and how you can avoid making them.
1. You can’t fix bad data with good algorithms.
Let’s start with the basics. If your AI tool is churning out junk insights, odds are your data was junk to begin with. Dirty data isn’t just inefficient — it’s dangerous. It leads to flawed decisions, mis-targeted customers, and misinformed strategies. And when the campaign tanks or the budget overshoots, guess who gets blamed?
The solution? Treat your data with the same respect you’d give your P&L. Clean it, vet it, monitor it like a hawk. AI isn’t magic. It’s maths — and maths hates mess.
2. Don’t just plug in AI and hope for the best.
Too many teams dive into AI without asking a simple question: what problem are we trying to solve? Without clear goals, AI becomes a time-sink — a parade of dashboards and models that look clever but achieve nothing.
Worse, when senior stakeholders ask for results and all you have is a pretty interface with no impact, that’s when credibility takes a hit.
AI should never be a side project. Define its purpose. Anchor it to business outcomes. Or don’t bother.
3. Ethics aren’t optional — they’re existential.
You don’t need to be a philosopher to understand this one. If your AI causes harm — whether that’s through bias, privacy breaches, or tone-deaf outputs — the consequences won’t just be technical. They’ll be personal.
Companies can weather a glitch. What they can’t recover from is public outrage, legal fines, or internal backlash. And you, as the person who “owned” the AI, might be the one left holding the bag.
Bake in ethical reviews. Vet your training data. Put in safeguards. It’s not overkill — it’s job insurance.
4. Implementation without commitment is just theatre.
I’ve seen it more than once: companies announce a bold AI strategy, roll out a tool, and then… nothing. No training. No process change. No follow-through. That’s not innovation. That’s box-ticking.
If you half-arse AI, it won’t just fail — it’ll visibly fail. Your colleagues will notice. Your boss will ask questions. And next time, they might not trust your judgement.
AI needs resourcing, support, and leadership. Otherwise, skip it.
5. You can’t manage what you can’t explain.
Ever been in a meeting where someone says, “Well, that’s just what the model told us”? That’s a red flag — and a fast track to blame when things go wrong.
So-called “black box” models are risky, especially in regulated industries or customer-facing roles. If you can’t explain how your AI reached a decision, don’t expect others to trust it — or you.
Use interpretable models where possible. And if you must go complex, document it like your job depends on it (because it might).
6. Face the bias before it becomes your headline.
Facial recognition failing on darker skin tones. Recruitment tools favouring men. Chatbots going rogue with offensive content. These aren’t just anecdotes — they’re avoidable, career-ending screw-ups rooted in biased data.
It’s not enough to build something clever. You have to build it responsibly. Test for bias.
Diversify your datasets. Monitor performance. Don’t let your project become the next PR disaster.
7. Training isn’t optional — it’s survival.
If your team doesn’t understand the tool you’ve introduced, you’re not innovating — you’re endangering operations. AI can amplify productivity or chaos, depending entirely on who’s driving.
Upskilling is non-negotiable. Whether it’s hiring external expertise or running internal workshops, make sure your people know how to work with the machine — not around it.
8. Long-term vision beats short-term wow.
Sure, the first week of AI adoption might look good. Automate a few slides, speed up a report — you’re a hero.
But what happens three months down the line, when the tool breaks, the data shifts, or the model needs recalibration?
AI isn’t set-and-forget. Plan for evolution. Plan for maintenance. Otherwise, short-term wins can turn into long-term liabilities.
9. When everything’s urgent, documentation feels optional.
Until someone asks, “Who changed the model?” or “Why did this customer get flagged?” and you have no answers.
In AI, documentation isn’t admin — it’s accountability.
Keep logs, version notes, data flow charts. Because sooner or later, someone will ask, and “I’m not sure” won’t cut it.
Final Thoughts: AI doesn’t cost jobs. People misusing AI do.
Most AI mistakes aren’t made by the machines — they’re made by humans cutting corners, skipping checks, and hoping for the best. And the consequences? Lost credibility. Lost budgets. Lost roles.
But it doesn’t have to be that way.
Used wisely, AI becomes your competitive edge. A signal to leadership that you’re forward-thinking, capable, and ready for the future. Just don’t stumble on the same mistakes that are currently tripping up everyone else.
So the real question is: are you using AI… or is it quietly using you?
You may also like:
- Bridging the AI Skills Gap: Why Employers Must Step Up
- From Ethics to Arms: Google Lifts Its AI Ban on Weapons and Surveillance
- Or try the free version of Google Gemini by tapping here.
Author
-
Adrian is an AI, marketing, and technology strategist based in Asia, with over 25 years of experience in the region. Originally from the UK, he has worked with some of the world’s largest tech companies and successfully built and sold several tech businesses. Currently, Adrian leads commercial strategy and negotiations at one of ASEAN’s largest AI companies. Driven by a passion to empower startups and small businesses, he dedicates his spare time to helping them boost performance and efficiency by embracing AI tools. His expertise spans growth and strategy, sales and marketing, go-to-market strategy, AI integration, startup mentoring, and investments. View all posts
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The Dirty Secret Behind Your Favourite AI Tools

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