The Human Moat In The Age of AI
We read an interesting article in the The Wall Street Journal which covered the discussion of a growing dilemma on Wall Street: Banks are rapidly adopting…
Prediction Machines, Prediction Markets, and the Future of Investing
Sometimes we come across a book that doesn’t just answer a question but changes it. Blaise Agüera y Arcas’s What Is Intelligence? is one…
Does BloombergGPT Have an Edge in Finance AI Compared to Leading Generic Brands?
In early 2023, Bloomberg did something ambitious for a financial data company. It trained a 50-billion-parameter large language model from scratch, tuned specifically for finance,…
Generative AI in Investing: English Solved, Judgment Unsolved
A couple of years ago, it was reasonable to say that generative AI could help long-term fundamental investors without threatening to replace them. The logic…
From Numbers to Narratives: Screening Using Generative AI
For the past few decades, fundamental investors have steadily professionalized the art of screening. What began with simple filters on earnings, revenues, margins, and balance…