According to the Wall Street Journal, S&P Global spent 550 million U.S. dollars to buy the new AI Kensho Technologies. This is the second time that the agency invested in AI technology in 2018, which means that it is a large Wall Street financial company. There is growing interest in the AI field. Kenso is based in Cambridge, MA, and uses AI primarily to provide financial institutions with data analysis. The new startup was formed in 2013 with members mostly from Alphabet, Facebook, Twitter, etc. WSJ quoted consulting agency Greenwich A research report by Associates in October 2017 pointed out that among the banks and financial institutions it surveyed, one-fifth of the companies have applied AI to their operations. The report also pointed out that some banks have already The feasibility of using machine learning in the study of financial transactions and contract formulation was studied. According to WSJ, S&P Global is known for its credit rating business, but this Wall Street company has also focused on the index of various portfolios in recent years. Indexing strategy and data department. In February 2018, the company also bought another machine learning and data analysis, Panjiva, which specializes in global supply. Chain data analysis. In 2017, S&P Global bought another London AI startup Algomi, which used AI technology to process fixed-income transactions. S&P Global revealed at the time of 4QFY2017 earnings that the company wanted to expand its index strategy department size. And invest in additional data streams companies. As a branch of AI technology, machine learning does not require manual instructions to parse data, and is particularly suitable for processing huge amounts of data. S&P Global CEO Douglas Peterson on March 5th The company said at a conference that S&P Global has repositioned the company about five to six years ago, focusing on the use of basic intelligence.
