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Putting Data in a Corner: LLMs and Financial Services Data | Andreessen Horowitz

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Nobody puts Baby in a corner — especially if Baby happens to be fragmented financial services data. Historically, the key to building a successful financial services data company has been to extricate and analyze valuable but difficult-to-access resources like public filings, diligence materials, research reports, conference call notes, and news. Now, with the advent of large language models, such previously shackled information might soon be easily and widely available to everyone, ushering in a new LLM-powered era that could shift the financial services landscape. That said, the financial services data market is currently dominated by several billion-dollar companies that, given their scale and other advantageous moats, are extremely entrenched. But Bloomberg, Morningstar, and Verisk — three prominent examples — didn’t become market leaders in a vacuum. All initially followed a specific three-step playbook at the dawn of the digital age, whereby they 1) identified large, fragmented p

Putting Data in a Corner: LLMs and Financial Services Data | Andreessen Horowitz Fintech Putting Data in a Corner: LLMs and Financial Services Data Joe Schmidt Posted March 28, 2024 Subscribe Share Share Email X LinkedIn Facebook Hacker News WhatsApp Flipboard Reddit See more: Banking on AI See more: Banking on AI Putting Data in a Corner: LLMs and Financial Services Data Table of Contents Share Share Email X LinkedIn Facebook Hacker News WhatsApp Flipboard Reddit Nobody puts Baby in a corner - especially if Baby happens to be fragmented financial services data. Historically, the key to buildi

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