Jack Kokko: Building AlphaSense - [Invest Like the Best, EP.404]
Episode publishedPodcast: Invest Like the Best with Patr...Invest Like the Best with Patrick O'Shaughnessy
Transcript preview
Preview only
As an investor, I'm always on the lookout for tools that can truly transform the way that we work as a business. AlphaSense has completely transformed the research process with cutting edge AI technology and a vast collection of top tier reliable business content. Since I started using it, it's been a game changer for my market research. I now rely on AlphaSense daily to uncover insights and make smarter decisions. With the recent acquisition of TEGIS, AlphaSense continues to be a best in class research platform delivering even more powerful tools to help users make informed decisions faster.
We are using our previous provider for over 30 years. We had the entire suite of products from the portfolio accounting to trade order management, reporting, the reconciliation features. I didn't think that we would ever be able to switch to anything else. Andy, our head trader, suggested that I meet with Ridgeline. And they started off right away, not by introducing their company, but who they were hiring. And that caught my attention. They were pretty much putting in place a dream team of technical experts, then they started talking about this single source of data. And I was like, what in t
Hello, and welcome, everyone. I'm Patrick O'Shaughnessy, and this is Invest Like the Best. This show is an open ended exploration of markets, ideas, stories, and strategies that will help you better invest both your time and your money. Invest like the best is part of the Colossus family of podcasts, and you can access all our podcasts, including edited transcripts, show notes, and other resources to keep learning at join colossus.com. Patrick
O'Shaughnessy is the CEO of Sum. All opinions expressed by Patrick and podcast guests are solely their own opinions and do not reflect the opinion of Positive Sum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of Positive Sum may maintain positions in the securities discussed in this podcast. To learn more, visit psum.vc.
My guest today is Jack Coco. Jack is the CEO and founder of AlphaSense, where I and PositiveSum are investors, an AI powered search engine for market intelligence. He shares how AlphaSense began by aggregating fragmented financial data sources and evolved with the advent of large language models to completely change the research experience for investors and others. He speaks to the recent acquisition of Tigas earlier this year, reshaping the business and further supporting their expansion to serve all types of companies instead of exclusively investment firms. Jack has been navigating the AI r
Paul, maybe I'll start from the very beginning of what we are building with the prior generations of AI and machine learning. We wanted to build a semantic search engine that would understand financial and business content. We read it line by line, almost like a human analyst would, and understand always billions of data points, millions of documents, and connect the dots between them, then map that to a user search query and deliver the right data points, the right insights to them. And this was really hard to do because all this content was siloed in thousands of silos instead of paywall dat
Just for context for those listening, just give us a general sense of the sort of datasets, document sets that AlphaSense have pre chat gpt, pre LLMs, pre GPT models. What were the key things that your users came to you to find information within those datasets?
That was basically everything that an investment analyst would use in their research proces
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.