A new chatbot wants to automate saving for Millennials. Plum, which just raised $500,000 during a seed round, claims to be the first AI-powered Facebook bot, and uses a “smart algorithm” to take into account spending patterns, bills, and income. Using the information, it calculates a “safe” amount of money that can be put away into a Plum savings account every few days. By communicating with the chatbot, users can chime in asking the bot to save more than usual, or withdraw money if needed. Brands are starting to “invest heavily” in this new way to speak to the digital generation. (Business Insider)
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