Bloomberg’s First Generative AI Tool Hits the Terminal

Bloomberg terminal users got a research boost recently according to a story in Institutional Investor magazine: summaries and analysis of company performance written by artificial intelligence. Some users were testing the beta version of Bloomberg’s first generative AI tool last quarter. Bloomberg is rolling it out to all users now. The summaries are designed to help analysts save time absorbing earnings data and transcripts by highlighting key points. They will be available immediately for companies in the Russell 1000 and the top 1000 companies in Europe. The 400 Bloomberg Intelligence analysts that deliver independent data and research helped train the AI models so they better understand the nuances of financial language and anticipate what’s important to investors. Among other things they know investors are focused on, the summaries include context on a company’s guidance, capital allocation, hiring and labor plans, the macro environment, new products, supply chain issues, and consumer demand. The summaries also have hyperlinks embedded alongside original transcript documents, a level of transparency and sourcing that are often absent from AI platforms.