Google on Thursday launched a dedicated mobile app for Google Finance that hosts user watchlists and provides real-time market data, live financial news, and Google’s AI-powered “Key Moments” feature, which explains why stocks are moving.
The app will launch first on Android, and Google says it will release an iOS version in the coming months. More features are also coming, such as the ability to listen to live earnings calls.
Google’s launch of a standalone financial app likely has less to do with giving investors another place to check stock prices and more to do with Google attempting to stake a claim in the increasingly crowded market for financial information apps.
The move puts Google in direct competition with consumer finance platforms like Yahoo Finance and trading apps like Robinhood.
The tech giant also said that its new AI-powered system Google Finance Web ExperienceIntroduced last year, it comes out of beta with new features.
Google is also rolling out portfolios globally within the new Google Finance web experience, allowing users to view their investments in a single dashboard that tracks holdings and their performance. Users’ existing Google Finance portfolios will automatically be visible and they will be able to create new portfolios by uploading files or describing their investments in the chatbot.
Once these portfolios are set up, users can use Google Finance’s AI research tool to ask questions like “what sectors are currently underrepresented in my portfolio?”
Google has added an artificial intelligence feature that allows users to set up tasks using natural language prompts, such as timely briefings analyzing market changes or summaries of their holdings’ performance. Users can ask the AI assistant to use their watchlist or portfolio to get insights tailored to their own investments, and once a task is set up, Google Finance will work in the background.
Google says these new portfolio and task features are available on the web starting today and will be added to the Google Finance app in the coming months.
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