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Al Bawaba
13 hours ago
- Al Bawaba
eToro Leverages AI to Redefine Social Investing
eToro Group Ltd. ('eToro', or the 'Company') (NASDAQ: ETOR), the trading and investing platform, announced today how the company is harnessing artificial intelligence to redefine social Assia, eToro's Co-founder and CEO, commented: 'There's been a lot of talk about how AI will reshape investing. It's not just speculation—it's already happening. At eToro, we're not waiting for the future to arrive. We're building it.'Market data in the palm of your hand and AI-agents that enlighten you with the most relevant and accurate insights tailored to your portfolio and needs. The ability to build tools that help you outperform the markets and invite others to use them.'API Tools Powering the Creation of a MarketplaceeToro is launching a suite of AI-tools that will transform social investing by creating a community-built marketplace for investing built on top of eToro's new public API. This marks a significant leap forward in the democratization of investing, arming retail traders and investors with sophisticated, AI powered capabilities previously only accessible to quantitative hedge suite of AI-tools will initially be available to eToro's Popular Investors, a subset of users who are a vetted group of top traders and investors who meet specific criteria and whose investment strategies can be copied by other users via eToro's patented CopyTrader technology.'This is about more than just AI-generated insights,' continued Yoni Assia. 'With these tools we're not just democratizing access to markets and data, we're democratizing innovation itself. Our community is at the heart of everything we do and we are proud to enable them to build AI-powered tools that combine social trading features with advanced charting and execution capabilities, offering an AI powered experience. We're enabling our Popular Investors to innovate like top quantitative hedge funds and scale their impact within the eToro ecosystem.'Popular Investors will have access to a range of AI-powered tools including an eToro MCP (Model Context Protocol), agent-based services and customizable apps and dashboards. These tools offer seamless access to eToro's trading infrastructure and data, allowing Popular Investors to build tools for themselves and the eToro community. These tools can combine social trading features with advanced charting and execution key capabilities which will be deployed include the ability to:• Develop bespoke trading algorithms and automate strategies.• Automate trade execution: AI-driven algorithms to execute trades with precision, minimizing latency and maximizing efficiency.• Integrate real-time market data and third-party tools, including backtesting and advanced analytics, to identify trends and opportunities across stocks, crypto, and ETFs, in order to build investment strategies.• Personalize portfolio optimization: Tailored recommendations based on risk profiles, market conditions, and user behavior.• Create personalized dashboards for monitoring portfolios and market activity including sophisticated risk management tools, powered by AI including Value-at-Risk (VaR) analysis and portfolio stress testing.• Interact with eToro's social feed via customizable boiler plates e.g. rich media posts.'We are unleashing the true potential of social investing. eToro becomes an open-garden marketplace built on top of eToro's new public API enabling users to build, publish and access customized tools.' comments Yoni of Tori - eToro's AI CompanioneToro's focus on AI-empowerment, includes the launch of Tori, eToro's next-gen AI companion. Tori is a powerful AI assistant transforming how users interact with eToro: answering questions, surfacing personalized insights, guiding them across the platform, and helping them better understand the world of investment - all through natural conversation.'Harnessing disruptive technology is in our DNA. From pioneering social investing, offering bitcoin from 2013, to deploying machine learning to build portfolios, we are committed to leveraging new technologies to the benefit of our users and our business. AI is already fundamentally rewriting the rules of what is possible. Within appropriate guardrails it can be a powerful tool to empower everyday investors to learn, invest and trade.' adds Yoni Assia.'Tori, our AI companion, answers questions, surfaces personalized insights and guides users across the eToro platform. Tori underpins all of our innovations, and will evolve as our platform evolves, helping our users to get the most from eToro.'Alpha PortfolioseToro has launched seven Alpha Portfolios as part of our Smart Portfolio offering. These AI-powered strategies are built using advanced analysis of eToro's proprietary retail trading data to give eToro users access to exclusive quant-driven strategies typically used by hedge funds.'Strategies like these have traditionally been out of reach for ordinary investors, as they normally come with high entry barriers, costly management fees, restrictive lock-up periods and less transparency in terms of asset allocation,' said Yoni Assia. 'Our Alpha Portfolios combine AI with one of the largest retail trading datasets in the world to provide real, actionable value to retail investors. They demonstrate our commitment to harness AI for the benefit of our community.'Community-Powered InnovationFollowing the successful acquisition of portfolio management provider Bullsheet in 2022, eToro has acquired BullAware and will partner with its creator Mariano Pardo to embed key features within the eToro platform. BullAware was created to provide eToro users with tools and insights to enhance their investing experience. 'BullAware is a clear example of the talent within our ecosystem and demonstrates why we are so excited about the potential that our Marketplace has to offer. eToro is a global community powered by the collaboration between people and technology. We want to embrace innovation wherever we find it and look forward to working with Mariano to integrate BullAware into the eToro platform. We're confident that through our deployment of AI-enabled tools, we will see more examples of innovation and inspiration from our community.' concludes Yoni Assia.
Al Bawaba
2 days ago
- Al Bawaba
Trump's crypto fortune soars to $11.6 billion
ALBAWABA- A new investigative analysis claims that U.S. President Donald Trump has amassed a personal fortune of $11.6 billion from cryptocurrency holdings, making up nearly three-quarters of his estimated $15.9 billion net worth, while in office. The report, published Thursday by watchdog group Accountable and detailed by The Intercept, alleges that Trump rapidly built his crypto empire by leveraging his presidential powers to benefit his private financial interests. According to the group, this shift marks a stark departure from his pre-presidency wealth base, with traditional business ventures now accounting for less than half of his fortune. 'The more the President's wealth depends on anonymous investors around the world with hidden agendas, the greater the risk.' — The Intercept (@theintercept) August 9, 2025 'Soon after signing his 'Big Ugly' law that strips health care and food security from millions, President Trump pushed legislation that padded his net worth by billions through dubious crypto schemes,' said Caroline Ciccone, president of Accountable. She warned that the President's reliance on 'anonymous investors' worldwide poses risks to U.S. national security and public trust. The group's findings challenge earlier Bloomberg estimates that pegged Trump's crypto assets at roughly $620 million out of a $6.4 billion net worth. Accountable argues that Bloomberg significantly undercounted both his digital holdings and total wealth, citing the volatile value of meme coins like the $TRUMP token and other assets linked to his family's World Liberty Financial venture. Critics have also noted that Trump has aggressively rolled back cryptocurrency regulations, signed the 'stablecoin' law, and hosted high-profile receptions for meme coin holders. The White House rejected the allegations, with press secretary Karoline Leavitt calling them 'fabricated conflicts of interest' and reaffirming the administration's pledge to make the United States 'the crypto capital of the world.'
Al Bawaba
4 days ago
- Al Bawaba
Mubadala Energy Closes Strategic Investment in U.S. Natural Gas and LNG Sector with Kimmeridge
Mubadala Energy, the international energy company headquartered in Abu Dhabi, today announced the closing of its recently reported strategic investment in the U.S. natural gas sector through its partnership with Kimmeridge, the energy-focused alternative asset manager, and the rebranding of SoTex HoldCo to Caturus, in which Mubadala Energy now owns a 24.1% equity stake. Caturus is building the leading integrated natural gas and LNG export platform in the U.S. through a combination of its upstream operations under Caturus Energy, formerly Kimmeridge Texas Gas, and via Commonwealth LNG, a 9.5 mtpa liquefied natural gas export terminal to be located near Cameron, recently, Commonwealth LNG announced it has contracted Technip Energies to provide engineering, procurement and construction (EPC) services to build its state-of-the-art facility and anticipates receiving final investment decision later this year. The LNG project is proceeding with significant momentum following the signing of a series of long-term binding LNG offtake agreements with top-tier global purchasers, including Glencore, JERA and PETRONAS. The deal marks the first significant investment in the U.S energy market and reinforces Mubadala Energy's global growth strategy and further strengthens its position across the gas value chain. It also aligns with the company's commitment to playing a critical role in the energy transition by investing in low-emission energy on this important milestone, Mansoor Mohammed Al Hamed, Managing Director & CEO of Mubadala Energy, said: 'Today's announcement is further evidence of our international growth strategy in action. The platform's integrated and responsible approach aligns with our plans to invest across the gas value chain in key global energy hubs where we can play a proactive role in balancing energy security and transition priorities while creating long-term value for our shareholder. We look forward to continuing our work alongside the Caturus and Kimmeridge teams.'Commenting on the deal closing, Ben Dell, Managing Partner at Kimmeridge said: 'Mubadala Energy's investment is a strong endorsement of our strategy at Caturus, and we're excited to collaborate in bringing the only fully integrated natural gas independent to life. Together, we will drive innovation across the LNG industry through a powerful and responsible platform, contributing to a cleaner, more sustainable energy future.'As part of the transaction, Mubadala Energy has appointed two representatives to the Caturus Board of Managers, including Adnan Bu Fateem, Chief Operating Officer and Khaled Al Tamimi, Senior Vice President, Non-Operated Assets at Mubadala Energy. The appointments reflect the company's hands-on, value-driven approach to partnership and governance. Adnan Bu Fateem, Chief Operating Officer at Mubadala Energy, added: "Mubadala Energy's investment approach helps create long-term value through active stewardship. We're looking forward to collaborating with the Kimmeridge and Caturus teams in shaping the strategic direction of this platform to ensure the commercial, operational and sustainability priorities are met." The closing follows the clearance of the voluntary filing submitted under the U.S. government's CFIUS (Committee on Foreign Investment in the United States).
