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Comment by candiddevmike | Hacker News Reader

Who is your target market? This seems like it's too simple/without any integrations with common trading platforms to be useful for pros, but it provides too deep of information for amateurs.

I'm always skeptical of financial tooling involving AI. If it was truly valuable, I don't think it would be released as it's basically a money printer with the edge it provides by keeping it private. On the other hand, I don't trust any of these tools to be accurate enough to provide an edge, especially if I can't see the code.

Additionally, for a lot of traders, reading these documents is in itself enlightening as there is quite a bit of reading between the lines that happens with things like 10ks.

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This reasoning for fintech is mostly wrong. The people who have alpha and are trading are very rarely the people who have data engineering and infrastructure skills.

Your hypothesis is essentially that Bloomberg, as a company, doesn't make sense.

> This reasoning for fintech is mostly wrong.

If it is wrong, what is right?

> The people who have alpha and are trading are very rarely the people who have data engineering and infrastructure skills.

How do you know this? Can you cite some useful information?

> Your hypothesis is essentially that Bloomberg, as a company, doesn't make sense.

Providing pickaxes to miners has been a viable business model since the dawn of the modern age. But that's not what (mis)using LLMs for picking stocks is, unless you are in the shitty tool business. Bloomberg's tools are top of the line.

Yeah I am confused. The hedge fund or market maker is literally all those people in one room.

Arguably the question is whether:

- The edge is large enough

- The provider has sufficient capital to exploit the edge

I guess if you can prove the edge, you could find capital, but I really have no clue how difficult that might be.

It is released by both OpenAI and Anthropic each to one of their key partners(large hedge fund) with exclusive access. I have inside sources at both that have told me as much.

That's great, but that's not what this app is.

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