Qraft Technologies Launches AI-Driven U.S. Large-Cap Core ETF In Collaboration with LG AI Research
Qraft and LG AI Research partner to deliver a cutting-edge ETF that combines Qraft’s investment prowess with LG AI Research’s AI Forecasting Technology
NEW YORK & SEOUL — November 7, 2023 — Qraft Technologies, a leading invest-tech company developing artificial intelligence investing solutions, in collaboration with LG AI Research, the artificial intelligence research hub of South Korean multinational conglomerate, the LG group, announces the launch of the newest ETF : LG Qraft AI-Powered U.S. Large-Cap Core ETF (NYSE: LQAI) .
Marking a significant milestone in Qraft and LG AI Research’s partnership, LQAI seeks to exceed the return of U.S. large-cap stocks over time by investing in 100 stocks. This latest active ETF to come to market will be powered by a proprietary AI model developed by LG AI Research and Qraft Technologies rebalancing every four weeks. This ETF represents a significant step forward as it marks the first joint project accomplished by Qraft and LG AI Research. With this milestone, LG AI Research adds to its existing AI-powered forecasting portfolio. For the last few years LG’s subsidiaries has been leveraging AI technology, developed by LG AI Research, in areas such as supply/demand forecasting, raw material purchasing, new chemical discovery, and more. Collaborating with Qraft’s long track record of AI-powered investment solutions, The research hub will bring it’s AI technological capabilities to the financial markets.
“With the launch of the LG Qraft AI-Powered U.S. Large-Cap Core ETF, we are not only introducing an innovative investment vehicle but also pioneering new horizons in the realm of artificial intelligence-driven solutions through Qraft’s cutting-edge artificial intelligence capabilities and LG's state-of-the-art machine learning, processing, and big data abilities,” says Marcus Kim, founder and CEO of Qraft. “We believe we're setting the stage for a revolutionary transformation in how investors approach large-cap core investments and harness the potential of AI to drive positive returns for investors."
"We’ve spent years refining our AI predictive capabilities to apply to our subsidiaries’ needs, and we’ve found great success in applying our forecasting AI model to financial data and analysis,” adds the Chief of LG AI Research, Dr. Kyunghoon Bae. “We’re proud to partner with Qraft to debut a new ETF and apply our AI capabilities in the financial services arena."
The joint effort between Qraft and LG AI Research utilizes an 'AI forecasting model' driven by a deep neural network. The model will analyze a vast amount of financial and text data, including macro variables, fundamental data, and market trends, seeking to find patterns and signals that may be challenging for humans to identify at that speed and scale. It is designed to proactively identify the relative strength of individual stocks by analyzing macro variables, fundamental data, and market trends far faster than humans can process. LQAI's AI-backed strategy integrates various predictive scenarios, aiming for alpha generation throughout all market phases. With its capability to perpetually adapt to market shifts, the model constantly works to optimize risk-adjusted returns and seize evolving investment opportunities while predicting and positioning the portfolio to shield assets against potential market risks.
About Qraft Technologies
Qraft Technologies is a fintech company aiming to drive growth in the asset management industry through its innovations in artificial intelligence (AI) and investing. Qraft offers a variety of AI-powered investment solutions, including a security selection engine, asset allocation engine, robo-advisory solution and an AI order-execution system. From data processing to alpha research and portfolio execution, Qraft has an established track record in developing cutting-edge AI solutions that have been adopted by over 25 financial institutions worldwide. In 2022, Qraft received a US$146 million investment from SoftBank Group, entering into a strategic partnership to accelerate AI in the asset management industry.
About LG AI Research
Launched in December 2020 as the artificial intelligence (AI) research hub of South Korea's LG Group, LG AI Research aims to lead the next epoch of artificial intelligence (AI) to realize a promising future by providing optimal research environments and leveraging state-of-the-art AI technologies. And LG AI Research developed its large-scale AI, EXAONE, a 300 billion parametric multimodal AI model, in 2021. EXAONE, which stands for “Expert AI for Everyone,” is a multi-modal large-scale AI model that stands out from its peers due to its ability to process both language and visual data. With one of the world’s largest learning data capacities, LG AI Research aims to engineer better business decisions through its state-of-the-art artificial intelligence technologies and its continuous effort on fundamental AI research. For more information, visit https://www.lgresearch.ai/.