large language models
AI in sheep’s clothing? Wolfe Research develops finance chatbot
The bot is trained using financial and ESG data, but won’t replace humans—yet—says the firm.
Waters Wavelength Podcast: Generative AI: The philosophical considerations
Steve Rubinow joins the podcast to discuss artificial intelligence and the hype cycle of generative AI.
Amazon bullish on AWS growth, signals more investment in generative AI
Tech giant’s cloud computing arm grew customer base in Q2 despite cost-cutting among users
ICE: LLMs drove 60% increase in ICE Chat trades
The exchange revealed it has been working with LLMs for a decade to drive automation around its messaging platform. Now, it’s looking for more uses across all asset classes.
HSBC hikes tech spend, scales up AI projects
The bank is hoping to turn higher technology costs to its advantage, investing in its new digital trade platform and increasing its exploration of generative AI.
Waters Wrap: Big Tech’s subtle plans for capital markets domination
Amazon, Google, IBM and Microsoft aren't just cloud providers anymore—and their tentacles are going to spread deep into trading systems going forward.
Deutsche Börse ‘cannot afford’ to miss out on generative AI; SimCorp deal on schedule
The exchange group wants to be at the forefront of the emerging technology field and has extended its partnership with Google into AI.
Microsoft, Google highlight LLM capabilities for future growth
Satya Nadella and Sundar Pichai both touted the advancements their respective companies have made in the field of generative AI during their earnings calls.
As ESG investing faces headwinds, MSCI’s CEO says ESG ‘most popular’ topic for clients
For future analytics enhancements, the vendor will also lean into large language models and generative AI.
Waters Wavelength Podcast: Symphony’s Brad Levy
Symphony’s CEO Brad Levy joins to discuss the future direction for the company and ESG data and analytics.
IBM bets big on generative AI
Although Q2 revenue was flat year-on-year, it was buoyed by IBM’s hybrid cloud and AI strategy. The tech giant will build up its AI capabilities similarly to how it’s dealt with Red Hat OpenShift.
State of the tech: A half-year check-in with large language models
AI is having a moment, and data vendors and software providers are seizing on it. Some are building models in-house, while others are looking to third parties to power their strategies—but the focus is largely on productivity and faster data access…
Banks’ internal watchdogs bark back at ChatGPT
Generative AI has plenty of uses in finance, but banks must first overcome compliance headaches
Automation in fixed income: Sorting the bluster from the bleeding edge
Automation is gaining traction in fixed-income markets, but use cases are limited and progress is slow. Market participants must overcome some uniquely human problems before they fully embrace the machine.
This Week: Confluence Technologies, Genesis, LexisNexis, and more
A summary of the latest financial technology news.
Waters Wrap: The path to generative AI is paved with solid data practices
While large language models are likely to proliferate, those that can develop a solid data infrastructure of taxonomies, ontologies, data sourcing, mapping and lineage will be the ultimate winners, Anthony says.
Hidden danger: As AI permeates finance, cybersecurity moves to the forefront
Open-source wrappers like MLflow, though useful and popular, highlight the risks hidden beneath these models.
From ChatGPT to BloombergGPT: In capital markets, who can make the most of large language models?
Capital markets are no strangers to hype machines. Among the buzz around generative AI, Nyela wonders who will be best suited to take advantage of the technology and deliver the right use cases to Wall Street.
Waters Wavelength Podcast: Broadridge’s Tyler Derr
Broadridge’s CTO Tyler Derr joins the podcast to talk about interoperability, blockchain, and other emerging tech.
Waters Wrap: Blockchain—let’s put the hammer back in the box
With the ASX Chess DLT failure and users ignoring DTCC’s DLT option for its Trade Information Warehouse, Anthony wonders what it will take for the industry to stop touting this buzzword for non-specialized needs.
BloombergGPT: Terminal giant enters the LLM race
Bloomberg has developed a large language model with the aim of improving its Terminal’s ability to provide sentiment, charting and search.
New chatbots reveal limitations of legacy API development
As large language models that underpin the likes of ChatGPT and Bard come to market, vendors and trading firms are starting to see the benefits—and challenges—that open APIs provide.
Waters Wrap: ChatGPT, data officers, and reaching new frontiers
As banks clamp down on large language models like ChatGPT, Anthony says that CDOs can help firms experiment with these chatbots while developing the proper governance structures.
Large language models: Another AI wave has come—what could it bring?
Since the release of ChatGPT, excitement and hype have been abundant across industries for this form of generative AI. For capital markets, the wave of innovation that could result may be a few years away but it’s worth paying attention to—and being…