What is MoneyBee?
It was a distributed computing project that produced stock forecasts using artificial intelligence with the help of artificial neural networks. MoneyBee is also the name of an emerging investment advisory company based in India, which provides portfolio management services.
Where have you heard about MoneyBee?
If you're investing in India you may well have heard of MoneyBee Securities Private Limited. It's a member of both the Bombay Stock Exchange and the National Stock Exchange Ltd.
What you need to know about MoneyBee.
The idea behind the MoneyBee stock forecasting project was first conceived in an economics thesis at the University of Heidelberg. MoneyBee was founded in 2000, run by a German consulting company called i42 Informationsmanagement GmbH, and eventually abandoned in 2010.
India's MoneyBee Securities Private Limited was founded by Dhiren Shah. "We don't follow the investment crowd; instead we search for overlooked opportunities that the crowd has passed by," its website explains. "At MoneyBee, our Financial Bees use their combined talent and experience to build up your portfolio and bring out the best in it."