Hardbacon secures funding to develop artificial intelligence capable of predicting changes in the stock market
Industry: Apps & Software
Hardbacon is currently developing a stock rating system, which will leverage artificial intelligence to help investors pick stocks.
Montreal, Canada (PRUnderground) July 14th, 2020
Hardbacon is pleased to announce that it will receive consulting services and has obtained conditional funding of $50,000 for an artificial intelligence research and development project to predict stock prices. The grant is part of the National Research Council of Canada’s Industrial Research Assistance Program (NRC IRAP).
Hardbacon, a mobile budgeting and investment tracking app, is currently developing a stock rating system, which will leverage artificial intelligence to help investors pick stocks.
Ratings generated by artificial intelligence will appear in Hardbacon’s mobile application, and will also be made available under license to financial institutions wishing to use these ratings or to offer them to their customers.
“Many Hardbacon users asked us to tell them what to invest in”, explained Julien Brault, CEO of Hardbacon. Until now we had refused, until one of our employees presented us with a promising academic article that he had written about the possibility of using artificial intelligence to generate predictive ratings. We are grateful that the NRC IRAP has agreed to support this project.”
For more information, contact:
Julien Brault, CEO of Hardbacon; 514-250-3255; julien@hardbacon.com
To learn more about Hardbacon, visit our website : https://hardbacon.ca/
Disclaimer: The news site hosting this press release is not associated with Hardbacon or Bacon Financial Technologies Inc. It is merely publishing a press release announcement submitted by a company, without any stated or implied endorsement of the information, product or service. Please check with a Registered Investment Adviser or Certified Financial Planner before making any investment.
About Hardbacon
Hardbacon is committed to helping Canadians make better financial decisions through its innovative fintech app, financial calculators, personal finance guides, and financial product comparison tools. Reaching more than 3 million Canadians on an annual basis through its app and website, Hardbacon has helped millions of users pick credit cards, bank accounts car insurance, and personal loans since its foundation in 2017.
