Kensho Technologies’ Post

VentureBeat writes about S&P launching an AI benchmark for the financial industry https://lnkd.in/efgXC6QE. #sandp #artificialintelligence #financialindustry #benchmark #venturebeat

AI is not the future — it's the present. And it's transforming the financial industry as we speak. S&P Global just unveiled the S&P AI Benchmarks by Kensho. This isn't just another tool. It's a pivotal moment for the financial sector, marking a leap towards the widespread adoption of large language models (LLMs). Why does this matter? For starters, it sets a new benchmark (pun intended) for evaluating the performance of AI in financial applications. We're talking complex, quantitative tasks that were once the exclusive domain of human expertise. Now, we're seeing a bridge being built between cutting-edge technology and traditional financial practices. This move by S&P Global is a clear indicator of AI's growing role in our industry. It's a nod to the necessity of embracing technology to stay competitive and relevant. The implications are vast. From improved decision-making to more accurate predictions and beyond, the potential for AI to revolutionize financial services is now more tangible than ever. Let's be clear: the adoption of AI in finance is not without its challenges. But, it's innovations like the S&P AI Benchmarks by Kensho that will guide us through this uncharted territory, ensuring that we harness the power of AI responsibly and effectively. In a world where staying ahead of the curve is non-negotiable, this is a development we can't afford to overlook. Embrace the change. Embrace AI. Read more about this groundbreaking launch [here](https://lnkd.in/dm-HHsaK). Check this out: https://lnkd.in/dm-HHsaK

S&P Global, a renowned financial intelligence supplier, quietly announced on Wednesday the debut of S&P AI Benchmarks by Kensho. This unique solution seeks to establish a new benchmark for assessing the performance of large language models (LLMs) in complicated financial and quantitative applications. The benchmarking tool, created by S&P Global's AI-focused business Kensho, evaluates an LLM's ability to do tasks such as mathematical reasoning, data extraction from financial documents, and exhibiting domain-specific expertise. The results are then displayed on a leaderboard, giving a clear picture of each model's ability. https://lnkd.in/gbt2Tqi2 #techarticle #technologyinnovation

S&P Global launches groundbreaking AI benchmark for financial industry: S&P Global launches S&P AI Benchmarks by Kensho, a groundbreaking solution for evaluating the performance of large language models (LLMs) in complex financial and quantitative applications, setting a new standard for AI adoption in the financial industry.

Happy to share that one of my blog articles was recently published on Finextra: Smart Savings: How AI Can Drive Cost Reduction in Financial Services. The article focuses on cost reduction opportunities utilizing AI in the Financial Services industry. Cloudera Finextra #financialservice #hybridmulticloud #OpenSource #dataarchitecture #ml #ai #data #dataandanalytics #generativeai https://lnkd.in/ert2zWXt

◾ The article discusses the challenges and opportunities of using AI in the financial sector, and features insights from industry experts and practitioners. https://lnkd.in/dvvRYAk6

With thanks to Foley & Lardner LLP!! "With the growing use of artificial intelligence (AI) in financial markets, broker-dealers and investment advisers need to pay attention to the risks posed by AI on firms’ compliance with federal securities laws. While machine learning is increasingly integrated into today’s financial ecosystem including call centers, compliance systems, robo-advisers, and algorithmic trading, the use of AI systems, and generative AI systems specifically, are developing rapidly. "The combination of AI’s development and integration into our financial markets presents a variety of unique opportunities and challenges for market participants and regulators. With regulatory interest in AI high, broker-dealers and investment advisers should examine whether their existing compliance programs address AI-related risks adequately. In this article our team examines what AI is, the role of AI in financial markets, and the risks involved. " https://lnkd.in/gQXpaC6b

Generative AI could have a hugely positive impact on financial services, but what will this look like? And how can organisations ensure their solutions allow them to comply with ever-evolving legislations? I shared my insights on why smaller language models, and data intelligence platforms, are the way to go for financial enterprises looking to adopt generative AI. Take a look at the piece in Financial IT. https://lnkd.in/eVx95ZqW #FinancialServices #Finance #GenerativeAI #DataIntelligence #FS

What’s the use of AI if you can’t get it to work on *your* data? The term RAG has surfaced lately and it simply means “query my data first, then generate AI stuff”. However individuals and companies could have an issue with sending their data to the cloud’s bottomless bucket. That’s where a local RAG tool providing its own workflow could come in handy: https://lnkd.in/dbByh2-D Nadav Lebovitch

Very excited that #Newstrack (aka "Factiva Sentiment Signals") has been listed by UK Gov (Responsible Technology Adoption Unit; Department for Science, Innovation and Technology) as a useful example for anybody involved in designing, developing, deploying or procuring AI-enabled systems, as an example trustworthy #AI. ---------- NewsTrack is a unique text analytics pipeline developed by Oliver Wyman, leveraging #LLMs (large language models) and Gen AI that is producing real-time predictions of adverse events for entities (e.g. credit downgrades, default/ bankruptcy, fraud) from a variety of news feeds. Links: ---------- https://lnkd.in/esNEiCN2 https://lnkd.in/ekty6Pqq Link to Newstrack/ FSS product page: https://lnkd.in/erFcrSun cc: Mike Rowlands, Matt Tobin; James Uther; Rebecca Bristow, Maria Tsotalou, Peter Lieder, Jonathan Graham, Thomas Brogden, Patrizio Guagliardo, Francis Julian, Ethan Murray, Chris Evans, Jad Haddad, Rainer Glaser, Nikita Smirnov, Oliver Wyman, Marsh McLennan