In November, Vinovest announced the first AI-powered wine robo advisor: an app for investors to generate, track, and assess their own wine-investment portfolios. These accessible wine sommeliers can guide investors through the growing $686 billion global market at any hour of the day, at which time they can choose to buy, sell, or indulge in their chosen asset.
Vinovest’s CEO and Co-Founder Anthony Zhang tells Wunderman Thompson Intelligence: “There is a lot of subjectivity in wine, and a lot of emotions in investing. We can remove both from the equation by leveraging AI and ML to help investors optimize their fine wine portfolios.” Backed by experienced portfolio advisors and a proprietary artificial intelligence-based algorithm, the platform connects its global network of wineries and merchants to a range of parties interested in alternative investments, introducing wealth of opportunities beyond the traditionally smaller pool of investors.
For $179,000, wine connoisseurs can purchase WineCab’s WineWall: a 21st century luxury vending machine that can store, load, and dispense wines. Launched in March, using AI technology, the virtual sommelier can suggest food and wine pairings, identify 600,000 vintage wines, and will record owner preferences and ratings for bottles long term. In a variation of sizes, the sleek update to a wine cellar is one of the newest ways to display and serve vintages.