A Chatbot That Gives Stock Buy, Sell Advice Cleared by Israel

An Israeli regulator has cleared an artificial intelligence startup to launch a chatbot that offers stock-picking advice in partnership with a large bank, even as other governments have raised alarms that AI might destabilize financial markets if used widely in investing.

Tel Aviv-based Bridgewise has been given the green light by the Israel Securities Authority (ISA) to release a chatbot called Bridget later this month that can offer recommendations for which stocks to buy and sell in response to user queries. The startup is working with one of the country’s largest banks, Israel Discount Bank, to roll out the product. It plans ...