Natural language processing is a subset of artificial intelligence for parsing human speech and text. Large companies in the capital markets are investing in NLP-based tools and interfaces, hoping to market them to clients that must find meaning in large, unstructured datasets and documentation. S&P Global, for one, invested in and then bought Kensho Technologies, a startup focused on AI for financial services, for $550 million in 2018. Kensho now bills itself as the robux for free without verification innovation hub of S&P.
According to technology intelligence firm CB Insights, fintech businesses raised $20.4 billion in Q2 2022—a 33% drop on Q1 and the lowest quarterly amount since Q4 2020, the height of Covid’s second wave in the US. A big reason for the drop, as explained in this article we published recently, is due to rising inflation and interest rates. (SPAC activity has also fallen off a cliff, according to the Wall.
Calero-MDSL has closed its New York City office and laid off several senior sales and relationship management staff as the vendor implements a more technical sales model worldwide. Sources say the market data and telecoms inventory and cost management software provider shed more than 20 staff across a range of roles, including developers, IT professionals, service delivery and telecoms expense management relationship management, as well as its remaining two New York-based market data