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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
9 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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Business
AI Just Killed 8 Jobs… But Created 15 New Ones Paying £100k+
AI is eliminating roles — but creating new ones that pay £100k+. Here are 15 fast-growing jobs in AI and how to prepare for them in Asia.
Published
2 hours agoon
May 13, 2025By
AIinAsia
TL;DR — What You Need to Know:
- AI is replacing roles in moderation, customer service, writing, and warehousing—but it’s not all doom.
- In its place, AI created jobs paying £100k: prompt engineers, AI ethicists, machine learning leads, and more.
- The winners? Those who pivot now and get skilled, while others wait it out.
Let’s not sugar-coat it: AI has already taken your job.
Or if it hasn’t yet, it’s circling. Patiently. Quietly.
But here’s the twist: AI isn’t just wiping out roles — it’s creating some of the most lucrative career paths we’ve ever seen. The catch? You’ll need to move faster than the machines do.
The headlines love a doomsday spin — robots stealing jobs, mass layoffs, the end of work. But if you read past the fear, you’ll spot a very different story: one where new six-figure jobs are exploding in demand.
And they’re not just for coders or people with PhDs in quantum linguistics. Many of these jobs value soft skills, writing, ethics, even common sense — just with a new AI twist.
So here’s your clear-eyed guide:
- 8 jobs that AI is quietly (or not-so-quietly) killing
- 15 roles growing faster than a ChatGPT thread on Reddit — and paying very, very well.
8 Jobs AI Is Already Eliminating (or Shrinking Fast)
1. Social Media Content Moderators
Remember the armies of humans reviewing TikTok, Instagram, and Facebook posts for nudity or hate speech? Well, they’re disappearing. TikTok now uses AI to catch 80% of violations before humans ever see them. It’s faster, tireless, and cheaper.
Most social platforms are following suit. The remaining humans deal with edge cases or trauma-heavy content no one wants to automate… but the bulk of the work is now machine-led.
2. Customer Service Representatives
You’ve chatted with a bot recently. So has everyone.
Klarna’s AI assistant replaced 700 human agents in one swoop. IKEA has quietly shifted call centre support to fully automated systems. These AI tools handle everything from order tracking to password resets.
The result? Companies save money. Customers get 24/7 responses. And entry-level service jobs vanish.
3. Telemarketers and Call Centre Agents
Outbound sales? It’s been digitised. AI voice systems now make thousands of simultaneous calls, shift tone mid-sentence, and even spot emotional cues. They never need a lunch break — and they’re hard to distinguish from a real person.
Companies now use humans to plan campaigns, but the actual calls? Fully automated. If your job was cold-calling, it’s time to reskill — fast.
4. Data Entry Clerks
Manual input is gone. OCR + AI means documents are scanned, sorted, and uploaded instantly. IBM has paused hiring for 7,800 back-office jobs as automation takes over.
Across insurance, banking, healthcare — companies that once hired data entry clerks by the dozen now need just a few to manage exceptions.
5. Retail Cashiers
Self-checkout kiosks were just the start. Amazon Go stores use computer vision to eliminate the checkout experience altogether — just grab and go.
Walmart and Tesco are rolling out similar models. Even mid-sized retailers are using AI to reduce cashier shifts by 10–25%. Humans now restock and assist — not scan.
6. Warehouse & Fulfilment Staff
Amazon’s warehouses are a case study in automation. Autonomous robots pick, pack, and ship faster than any human.
The result? Fewer injuries, more efficiency… and fewer humans.
Even smaller logistics firms are adopting warehouse AI, as costs drop and robots become “as-a-service”.
7. Translators & Content Writers (Basic-Level)
Generative AI is fast, multilingual, and on-brand. Duolingo replaced much of its content writing team with GPT-driven systems.
Marketing teams now use AI for product descriptions, blogs, and ads. Humans still do strategy — but the daily word count? AI’s job now.
8. Entry-Level Graphic Designers
AI tools like Midjourney, Ideogram, and Adobe Firefly generate visuals from a sentence. Logos, pitch decks, ad banners — all created in seconds. The entry-level designer who used to churn out social graphics? No longer essential.
Top-tier creatives still thrive. But production design? That’s already AI’s turf.
Are you futureproofed—or just hoping you’re not next?
15 AI-Driven Jobs Now Paying £100k+
Now for the exciting bit. While AI clears out repetitive roles, it also opens new high-paying jobs that didn’t exist 3 years ago.
These aren’t sci-fi ideas. These are real jobs being filled today — many in Singapore, Australia, India, and Korea — with salaries to match.
1. Machine Learning Engineer
The architects of AI itself. They build the algorithms powering everything from fraud detection to self-driving cars.
Salary: £85k–£210k
Needed: Python, TensorFlow/PyTorch, strong maths. Highly sought after across finance, healthcare, and Big Tech.
2. Data Scientist
Translates oceans of data into actual insights. Think Netflix recommendations, pricing strategies, or disease forecasting.
Salary: £70k–£160k
Key skills: Python, SQL, R, storytelling. A killer combo of tech + communication.
3. Prompt Engineer
No code needed — just words.
They craft the perfect prompts to steer AI models like ChatGPT toward accurate, helpful results.
Salary: £110k–£200k+
Writers, marketers, and linguists are all pivoting into this role. It’s exploding.
4. AI Product Manager
You don’t build the AI — you make it useful.
This role bridges business needs and tech teams to launch products that solve real problems.
Salary: £120k–£170k
Ideal for ex-consultants, startup leads, or technical PMs with an eye for product-market fit.
5. AI Ethics / Governance Specialist
Someone has to keep the machines honest. These specialists ensure AI is fair, safe, and compliant.
Salary: £100k–£170k
Perfect for lawyers, philosophers, or policy pros who understand AI’s social impact.
6. AI Compliance / Audit Specialist
GDPR. HIPAA. The EU AI Act.
These specialists check that AI systems follow legal rules and ethical standards.
Salary: £90k–£150k
Especially hot in finance, healthcare, and enterprise tech.
7. Data Engineer / MLOps Engineer
Behind every smart model is a ton of infrastructure.
Data Engineers build it. MLOps Engineers keep it running.
Salary: £90k–£140k
You’ll need DevOps, cloud computing, and Python chops.
8. AI Solutions Architect
The big-picture thinker. Designs AI systems that actually work at scale.
Salary: £110k–£160k
In demand in cloud, consulting, and enterprise IT.
9. Computer Vision Engineer
They teach machines to see.
From autonomous cars to medical scans to supermarket cameras — it’s all vision.
Salary: £120k+
Strong Python + OpenCV/TensorFlow is a must.
10. Robotics Engineer (AI + Machines)
Think factory bots, surgical arms, or drone fleets.
You’ll need both hardware knowledge and machine learning skills.
Salary: £100k–£150k+
A rare mix = big pay.
11. Autonomous Vehicle Engineer
Still one of AI’s toughest challenges — and best-paid verticals.
Salary: £120k+
Roles in perception, planning, and safety. Tesla, Waymo, and China’s Didi all hiring like mad.
12. AI Cybersecurity Specialist
Protect AI… with AI.
This job prevents attacks on models and builds AI-powered threat detection.
Salary: £120k+
Perfect for seasoned security pros looking to specialise.
13. Human–AI Interaction Designer (UX for AI)
Humans don’t trust what they don’t understand.
These designers make AI usable, friendly, and ethical.
Salary: £100k–£135k
Great path for UXers who want to go deep into AI systems.
14. LLM Trainer / Model Fine-tuner
You teach ChatGPT how to behave. Literally.
Using reinforcement learning, you align models with human values.
Salary: £100k–£180k
Ideal for teachers, researchers, or anyone great at structured thinking.
15. AI Consultant / Solutions Specialist
Advises companies on where and how to use AI.
Part analyst, part strategist, part translator.
Salary: £120k+
Management consultants and ex-founders thrive here.
The Bottom Line: You Don’t Need to Fear AI. You Need to Work With It.
If AI is your competition, you’re already behind. But if it’s your co-pilot, you’re ahead of 90% of the workforce.
This isn’t just about learning to code. It’s about learning to think differently.
To communicate with machines.
To spot where humans still matter — and amplify that with tech.
Because while AI might be killing off 8 jobs…
It’s creating 15 new ones that pay double — and need smart, curious, adaptable people.
So—
Will you let AI automate you… or will you get paid to run it?
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“Sounds Impressive… But for Whom?” Why AI’s Overconfident Medical Summaries Could Be Dangerous
New research shows AI chatbots often turn cautious medical findings into overconfident generalisations. Discover what that means for healthcare communication.
Published
6 hours agoon
May 13, 2025By
AIinAsia
TL;DR — What You Need to Know
- Medical research thrives on precision — but humans and AIs both love to overgeneralise with AI-generated medical summaries.
- New research shows large language models routinely turn cautious medical claims into sweeping, misleading statements.
- Even the best models aren’t immune — and the problem could quietly distort how science is understood and applied.
Why AI-Generated Medical Summaries Could Be Misleading
In medicine, the golden rule is: never say more than your data justifies.
Clinicians and researchers live by this. Journal reviewers demand it. Medical writing, as a result, is often painstakingly specific — sometimes to the point of impenetrability. Take this gem of a conclusion from a real-world trial:
“In a randomised trial of 498 European patients with relapsed or refractory multiple myeloma, the treatment increased median progression-free survival by 4.6 months, with grade three to four adverse events in 60 per cent of patients and modest improvements in quality-of-life scores, though the findings may not generalise to older or less fit populations.”
Meticulous? Yes. Memorable? Not quite.
So, what happens when that careful wording gets trimmed down — for a press release, an infographic, or (increasingly) an AI-generated summary?
It becomes something like:
“The treatment improves survival and quality of life.”
Technically? Not a lie. But practically? That’s a stretch.
From nuance to nonsense: how ‘generics’ mislead
Statements like “the treatment is effective” are what philosophers call generics — sweeping claims without numbers, context, or qualifiers. They’re dangerously seductive in medical research because they sound clear, authoritative, and easy to act on.
But they gloss over crucial questions: For whom? How many? Compared to what? And they’re everywhere.
In a review of over 500 top journal articles, more than half included generalisations that went beyond the data — often with no justification. And over 80% of those were, yep, generics.
This isn’t just sloppiness. It’s human nature. We like tidy stories. We like certainty. But when we simplify science to make it snappy, we risk getting it wrong — and getting it dangerously wrong in fields like medicine.
Enter AI. And it’s making the problem worse.
Our latest research put 10 of the world’s most popular large language models (LLMs) to the test — including ChatGPT, Claude, LLaMA and DeepSeek. We asked them to summarise thousands of real medical abstracts.
Even when prompted for accuracy, most models:
- Dropped qualifiers
- Flattened nuance
- Turned cautious claims into confident-sounding generics
In short: they said more than the data allowed.
In some cases, 73% of summaries included over-generalisations. And when compared to human-written summaries, the bots were five times more likely to overstate findings.
Worryingly, newer models — including the much-hyped GPT-4o — were more likely to generalise than earlier ones.
Why is this happening?
Partly, it’s in the training data. If scientific papers, press releases and past summaries already overgeneralise, the AI inherits that tendency. And through reinforcement learning — where human approval influences model behaviour — AIs learn to prioritise sounding confident over being correct. After all, users often reward answers that feel clear and decisive.
The stakes? Huge.
Medical professionals, students and researchers are turning to LLMs in droves. In a recent survey of 5,000 researchers:
- Nearly half already use AI to summarise scientific work.
- 58% believe AI outperforms humans in this task.
That confidence might be misplaced. If AI tools continue to repackage nuanced science into generic soundbites, we risk spreading misunderstandings at scale — especially dangerous in healthcare.
What needs to change?
For humans:
- Editorial guidelines need to explicitly discourage generics without justification.
- Researchers using AI summaries should double-check outputs, especially in critical fields like medicine.
For AI developers:
- Models should be fine-tuned to favour caution over confidence.
- Built-in prompts should steer summaries away from overgeneralisation.
For everyone:
- Tools that benchmark overgeneralisation — like the methodology in our study — should become part of AI model evaluation before deployment in high-stakes domains.
Because here’s the bottom line: in medicine, precision saves lives. Misleading simplicity doesn’t.
So… next time your chatbot says “The drug is effective,” will you ask: for whom, exactly?
You may also like:
- Google’s Med-Gemini Outshines GPT in Clinical Diagnostics
- AI Revolution: How Google’s Search Updates Could Impact Your Online Business
- Masterclass: Crafting Effective ChatGPT Prompts in Healthcare in 2024
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Life
Whose English Is Your AI Speaking?
AI tools default to mainstream American English, excluding global voices. Why it matters and what inclusive language design could look like.
Published
3 days agoon
May 10, 2025By
AIinAsia
TL;DR — What You Need To Know
- Most AI tools are trained on mainstream American English, ignoring global Englishes like Singlish or Indian English
- This leads to bias, miscommunication, and exclusion in real-world applications
- To fix it, we need AI that recognises linguistic diversity—not corrects it.
English Bias In AI
Here’s a fun fact that’s not so fun when you think about it: 90% of generative AI training data is in English. But not just any English. Not Nigerian English. Not Indian English. Not the English you’d hear in Singapore’s hawker centres or on the streets of Liverpool. Nope. It’s mostly good ol’ mainstream American English.
That’s the voice most AI systems have learned to mimic, model, and prioritise. Not because it’s better. But because that’s what’s been fed into the system.
So what happens when you build global technology on a single, dominant dialect?
A Monolingual Machine in a Multilingual World
Let’s be clear: English isn’t one language. It’s many. About 1.5 billion people speak it, and almost all of them do so with their own twist. Grammar, vocabulary, intonation, slang—it all varies.
But when your AI tools—from autocorrect to resume scanners—are only trained on one flavour of English (mostly US-centric, polished, white-collar English), a lot of other voices start to disappear. And not quietly.
Speakers of regional or “non-standard” English often find their words flagged as incorrect, their accents ignored, or their syntax marked as a mistake. And that’s not just inconvenient—it’s exclusionary.
Why Mainstream American English Took Over
This dominance didn’t happen by chance. It’s historical, economic, and deeply structural.
The internet was largely developed in the US. Big Tech? Still mostly based there. The datasets used to train AI? Scraped from web content dominated by American media, forums, and publishing.
So, whether you’re chatting with a voice assistant or asking ChatGPT to write your email, what you’re hearing back is often a polished, neutral-sounding, corporate-friendly version of American English. The kind that gets labelled “standard” by systems that were never trained to value anything else.
When AI Gets It Wrong—And Who Pays the Price
Let’s play this out in real life.
- An AI tutor can’t parse a Nigerian English question? The student loses confidence.
- A resume written in Indian English gets rejected by an automated scanner? The applicant misses out.
- Voice transcription software mangles an Australian First Nations story? Cultural heritage gets distorted.
These aren’t small glitches. They’re big failures with real-world consequences. And they’re happening as AI tools are rolled out everywhere—into schools, offices, government services, and creative workspaces.
It’s “Englishes”, Plural
If you’ve grown up being told your English was “wrong,” here’s your reminder: It’s not.
Singlish? Not broken. Just brilliant. Indian English? Full of expressive, efficient, and clever turns of phrase. Aboriginal English? Entirely valid, with its own rules and rich oral traditions.
Language is fluid, social, and fiercely local. And every community that’s been handed English has reshaped it, stretched it, owned it.
But many AI systems still treat these variations as noise. Not worth training on. Not important enough to include in benchmarks. Not profitable to prioritise. So they get left out—and with them, so do their speakers.
Towards Linguistic Justice in AI
Fixing this doesn’t mean rewriting everyone’s grammar. It means rewriting the technology.
We need to stop asking AI to uphold one “correct” form of English, and start asking it to understand the many. That takes:
- More inclusive training data – built on diverse voices, not just dominant ones
- Cross-disciplinary collaboration – between linguists, engineers, educators, and community leaders
- Respect for language rights – including the choice not to digitise certain cultural knowledge
- A mindset shift – from standardising language to supporting expression
Because the goal isn’t to “correct” the speaker. It’s to make the system smarter, fairer, and more reflective of the world it serves.
Ask Yourself: Whose English Is It Anyway?
Next time your AI assistant “fixes” your sentence or flags your phrasing, take a second to pause. Ask: whose English is this system trying to emulate? And more importantly, whose English is it leaving behind?
Language has always been a site of power—but also of play, resistance, and identity. The way forward for AI isn’t more uniformity. It’s more Englishes, embraced on their own terms.
You may also like:
- How Singtel Used AI to Bring Generations Together for Singapore’s SG60
- Revolutionising Workspaces: The Surge of AI and ChatGPT in Indian Companies
- Or try out the free version of Claude AI by tapping here.
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AI Just Killed 8 Jobs… But Created 15 New Ones Paying £100k+

“Sounds Impressive… But for Whom?” Why AI’s Overconfident Medical Summaries Could Be Dangerous

Whose English Is Your AI Speaking?
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