Google aims AI at corporate actions challenges
The tech giant believes its AI tools have a multitude of applications across some of the complex data challenges of financial markets, and it’s starting with the manual and complicated world of corporate actions. Some believe it will be an uphill battle.
Corporate actions—such as dividends, stock splits, rights issues, and mergers and acquisitions—affect every security, and require the distribution of information to investors, the capture of those investors’ decisions, and the “pricing-in” of those actions to a security’s price. It’s a long-standing and largely manual process that has changed little over the years. And as securities become more sophisticated, that process is only becoming more complicated.
Now, tech giant Google is aiming to
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