Ken Griffin, founder of Citadel, is skeptical of AI’s stock-picking abilities. AlphaSense, meanwhile, says AI is driving revenue. This post maps the early product categories forming in the space.
An interview for this blog might be a good idea. My core gripe with Alphasense (shared by other HF data buyers) is that their strategy to protect their data is basically to not allow API access to it by their customers. I actually understand/appreciate their concern (any data company should be worried!) but as a buyer, I naturally will allocate more budget to vendors willing work with us on this.
Ultimately, I think being super defensive is a mistake. Bloomberg takes this defensive approach with their enterprise data business (to protect their terminal) and I think they are destined to lose as a result (as evidence, alternative data was their market to lose, and I think its consensus they are a laggard here).
👏 not sure why alphasense would be defensive to an interview, you have solid insights
An interview for this blog might be a good idea. My core gripe with Alphasense (shared by other HF data buyers) is that their strategy to protect their data is basically to not allow API access to it by their customers. I actually understand/appreciate their concern (any data company should be worried!) but as a buyer, I naturally will allocate more budget to vendors willing work with us on this.
Ultimately, I think being super defensive is a mistake. Bloomberg takes this defensive approach with their enterprise data business (to protect their terminal) and I think they are destined to lose as a result (as evidence, alternative data was their market to lose, and I think its consensus they are a laggard here).