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Right, that's quant trading, that's not this business. Enhancing their research seems like they are your customer and you would be eating from their margin.

How would you sell to them, you would deliver what? Faster time to decision? Wouldn't quants be your competition, given their work is building tools like this one?

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No we sell our own research to AI labs as RL envs. Realistic RL envs grows in demand as labs seek better data train better models.

It’s a complimentary business. Simply put: we sell envs to labs, labs make better models, firms buy these models to make more profit. Everybody wins.

Yeah a competitor for us would be fellow quants doing the same thing. But even then every quant firm trades differently (and good ones all make money) so envs can still be sufficiently different.

So what's an example today of "envs" like yours that these firms buy and how you differ from them? Why you?

there are loads of env businesses for coding tasks, enterprise tasks, computer use etc etc. we offer different envs from a niche industry, which just so happens to be a very hard data science task & where the data doesn't saturate. In order to build these you'd need niche expert knowledge.

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