Connect with us
European Gaming Congress 2024

Artificial Intelligence

Bridgewise Launches BRIDGET(TM), World’s First Conversational AI Investment Tool That Provides Regulatory-Compliant Investment Recommendations

Published

on

bridgewise-launches-bridget(tm),-world’s-first-conversational-ai-investment-tool-that-provides-regulatory-compliant-investment-recommendations

The Launch, Together With Bridgewise’s Board Appointment of Several Capital Market Industry Veterans, Underscores Its Ambition to Transform the Investment Intelligence Sector
NEW YORK and SINGAPORE, Oct. 2, 2024 /PRNewswire/ — Bridgewise, the financial research intelligence platform for global securities, announced today the launch of BRIDGETTM, its revolutionary Conversational AI Investment Tool, designed specifically for the institutional investment sector, including brokers and trading platforms. Leveraging the flexibility, convenience, and capabilities of large language models (LLM) AI, BRIDGETTM transforms traditional investment intelligence reports into dynamic, interactive conversations, and provides regulatory-compliant investment recommendations that are delivered through its customizable, multilingual platform. Bridgewise is currently available in more than 25 languages and across 15 markets and has a coverage of more than 50,000 global financial instruments.

This announcement follows hot on the heels of several Bridgewise announcements this year, including its successful $21-million fundraise, the launch of its Bridgewise Funds (FundWise), and its appointment of several capital market industry veterans to its Advisory Board, all of which marks the fifth year of Bridgewise’s rapid expansion and innovation since its founding in 2019. Its Advisory Board now includes new board members such as Christian Reuss (former CEO of the Swiss Stock Exchange), Dato Neto (former Managing Director of Banco Model, Brazil), David Lenchus (Managing Director and Head of Research of HC Wainwright), David Siegel (former CEO of Investopedia and President of Seeking Alpha) and Yochai Korn (former Global Head of Market Data and Research at Interactive Brokers).  
Kelvin Phua, GM Bridgewise APAC: “We are incredibly excited to bring BRIDGET™ to Asia, where we see immense potential for transforming the investment landscape with AI-driven financial intelligence. Bridgewise sees the APAC market as a top strategic priority. We are continuing our rapid growth with new presences in Thailand, Malaysia, and Indonesia, alongside an expanded presence in the United Arab Emirates. We believe that Bridgewise technology and AI intelligence capabilities can revolutionize the way APAC capital markets operate, enhancing their efficiency and expanding the region’s exposure to global capital markets.”
Research has estimated that generative AI (Gen AI) could add between $200 billion and $340 billion in value annually, or 2.8 to 4.7 percent of total industry revenues across the global banking sector[1]. Against this high-growth potential, Gen AI has emerged as a crucial enabler of innovation and transformation, empowering financial institutions to exceed the expectations of today’s sophisticated customers and investors, who are increasingly demanding faster, more convenient and timely services. For the finance institutions who serve global and regional institutional investors, this expectation is arguably compounded by the dynamic and fast-changing as well as the cross-border regulatory compliance requirements.
Gaby Diamant, Co-Founder and CEO of Bridgewise, says, “Bridgewise’s BRIDGETTM is a conversational AI investment tool that presents a significant leap forward for the global investment and securities industry. By integrating advanced AI with regulatory compliance, we are not only enhancing the efficiency and accuracy of investment decisions but also ensuring that these decisions are made within a secure and compliant framework. As one of the world’s few financial research intelligence platforms focused on serving the institutional investment sector, we are able to tailor BRIDGETTM to meet institutional-specific standards and requirements. This tool is a game-changer for financial institutions looking to stay ahead in a rapidly evolving sector, and to empower their analysts and investors to interact with data in a more intuitive and insightful manner, thereby enhancing decision-making processes.”
Addressing Key Challenges
In today’s fast-paced financial environment, analysts and investors face numerous challenges, including information overload, time constraints, and the need for precise, actionable insights. Unlike other existing LLMs which may generate quirky and interesting responses but do not deliver reliable investment recommendations, Bridgewise’s BRIDGETTM offers regulatory-compliant investment insights, including specific buy/sell recommendations for stocks. BRIDGETTM also addresses several key AI chatbot-related drawbacks, such as:
Lack of Opinions or Investment Recommendations: Traditional chatbots refrain from recommending one stock over another, while BRIDGETTM provides actionable, regulatory-compliant advice, including specific buy/sell recommendations.Finance-Focused Expertise: Unlike general LLMs, BRIDGETTM uses a specialized Micro Language Model (MLM) tailored for conversations about investments and capital markets, offering a high level of expertise and precision.Hallucinations: Other chatbots often generate inaccurate or illogical suggestions, such as recommending nonexistent stocks or those with poor fundamentals. BRIDGETTM is designed to minimize these pitfalls, ensuring reliability in its investment advice because its MLM has been exclusively trained to understand and address the nuances of investment-specific topics.The Bridgewise BRIDGETTM Fact Sheet is available here.
About Bridgewise:
Bridgewise is a technological capital-markets intelligence company that leverages proprietary AI to generate analysis of more than 90% of global equities and funds. It powers the investment decisions of institutional and retail investors in more than 25 languages and across 15 countries, including over 50 institutional clients. Its proprietary generative AI-based technology platform has delivered over 10 million analyses, which provides comprehensive insights into global stocks and securities.
Founded in 2019, Bridgewise aims to bridge the knowledge gap in the investment world and democratize access to financial market information, providing easy to understand, comprehensive equity and fund research that was previously exclusively available only to major financial institutions.
Bridgewise partners with leading financial institutions around the world, including exchanges, trading platforms, investment houses, financial advisors, and financial media & education platforms. Its innovative AI-driven content solutions are integrated into financial platforms, helping increase investor awareness and activity, and ultimately, to help them make more informed investment decisions.
More about Bridgewise can be found here.
[1] “The economic potential of generative AI: The next productivity frontier.” McKinsey, 14 June 2023.
 
 
Video – https://www.youtube.com/watch?v=h2QmVdSOC2kPhoto – https://mma.prnewswire.com/media/2520469/An_illustration_BRIDGETTM_Bridgewise_interface_desktop_mobile.jpgLogo – https://mma.prnewswire.com/media/2521627/Bridgewise_logo_final_W_Bridgewise_logo_dark_tagline_1_1__1_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bridgewise-launches-bridgettm-worlds-first-conversational-ai-investment-tool-that-provides-regulatory-compliant-investment-recommendations-302265383.html

Continue Reading
Advertisement

Artificial Intelligence

18 of the Top 20 Medtech Companies Partner with Veeva MedTech to Get Devices and Diagnostics to Patients Faster

Published

on

18-of-the-top-20-medtech-companies-partner-with-veeva-medtech-to-get-devices-and-diagnostics-to-patients-faster

More than 125 medtech customers use Veeva applications for seamless execution across product development
BARCELONA, Spain, Oct. 2, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced that 18 of the top 20 medtech companies leverage Veeva Development Cloud and Veeva Commercial Cloud applications to streamline processes across the total medtech product lifecycle. Veeva MedTech enables more than 125 customers with deep industry expertise and technology from ideation to commercialization. With an increasing need to keep up with industry changes for faster time to market, medtech companies are moving to connected applications on a single cloud platform to execute key processes more efficiently.

“With dozens of studies across hundreds of global sites, simplifying clinical operations with unified document management and streamlined workflows is a top priority,” said Matt Christensen, senior vice president at Smith+Nephew. “Using Veeva MedTech’s unified clinical solution drives transparency, ensures integrity of study files, and speeds trial timelines.”
Veeva MedTech enables end-to-end product lifecycle management with Veeva Vault Clinical, Veeva Vault RIM, Veeva Vault Quality, and Veeva Vault Commercial. Using advanced applications built with medtech industry best practices, customers can access real-time insights to make data-driven decisions, automate processes, and maintain inspection readiness. This reduces manual work and improves cross-team collaboration while driving growth, cost efficiency, and compliance.
“This momentum shows that the global medtech industry has made great strides in modernizing systems, establishing a foundation across the product lifecycle to leverage into the future,” said Seth Goldenberg, vice president, Veeva MedTech. “With the top medtech leaders standardizing on Veeva applications, we will continue to learn and advance the industry toward more streamlined processes to deliver innovative new devices and diagnostics to patients in need.”
More than 200 industry professionals will network, share best practices, and hear valuable insights from medtech leaders, including Bio-Rad Laboratories, Philips, and ZEISS Medical Technology, at Veeva MedTech EU Summit. Medtech industry professionals can register for the Nov. 5 – 7 event in Amsterdam.
About Veeva SystemsVeeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.
Veeva Forward-looking StatementsThis release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-Q for the period ended July 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 36 and 37), and in our subsequent SEC filings, which you can access at sec.gov.
Contact:
Jeremy WhittakerVeeva [email protected]
Logo – https://mma.prnewswire.com/media/1488285/Veeva_Systems_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/18-of-the-top-20-medtech-companies-partner-with-veeva-medtech-to-get-devices-and-diagnostics-to-patients-faster-302265339.html

Continue Reading

Artificial Intelligence

Cybersecurity is fastest growing IT occupation in the UK, reveals Socura report

Published

on

cybersecurity-is-fastest-growing-it-occupation-in-the-uk,-reveals-socura-report

But skills gap persists with just one security professional for every 86 companies
CARDIFF, Wales, Oct. 2, 2024 /PRNewswire/ — Socura, a UK-based cybersecurity services business that protects many of the nation’s biggest NHS trusts, councils, and private companies, has released its UK cybersecurity careers 2024 report, ‘Their next job was in cyber’. 

The report is released four years after the UK government’s infamous ‘Fatima’ ballet ad promoting cyber as a career option. Based on Office of National Statistics data, it reveals that cybersecurity is now the fastest growing tech occupation in the UK, with the number of people in cyber roles more than doubling (128%) between 2021 and 2024. Despite this growth rate, there are not yet enough cybersecurity professionals to tackle the growing threat to UK businesses, with only one security pro for every 86 companies. 
Other key findings of Socura’s report include: 
There are 4,600 more women in cybersecurity roles in 2024 compared to 2021. However, the percentage of women in cybersecurity roles has decreased and now stands at 17%, down from 24%. London is less of a hub for cybersecurity professionals than it is for other IT professionals. 25% of all IT workers are based in London, compared to 17% of cyber workers.Northern Ireland and Wales are the countries in the UK with the fewest cybersecurity professionals. “Cybersecurity may be the fastest growing IT occupation in the UK but the skills shortage in the industry remains a concern,” said Andy Kays, CEO at Socura. “Many businesses simply do not have the specialists they need to defend against cyber attacks.  
“To fix this problem at a national level, we need more initiatives like the NCSC-backed Academic Centres of Excellence and ways to reach even younger people so that they can discover technology in schools. For organisations struggling to recruit cybersecurity experts, finding a trusted managed services partner to bolster capabilities and ease the load remains vital to bridging the gap.” 
“Attracting more workers, particularly women, into cyber remains a key challenge for the industry,” said Dr Kathryn Jones, Head of School, Computer Science and Informatics at Cardiff University. ”However, gender imbalance and the low representation of women is a wider issue in the tech sector, not only cybersecurity. The number of women enrolled on computer science and software engineering courses, for example, is typically also low.  
“Cybersecurity is an exciting and varied career choice but more initiatives like the NCSC’s Cyber First Girls competition are needed to raise awareness.” 
Resources 
Read summary blogDownload full report Methodology Socura’s analysis is based on UK ONS annual population survey data, which tracks occupation figures based on 15 IT-related Standard Occupational Classification (SOC2020) codes such as 2135 cybersecurity professionals. The ONS annual population is a continuous survey that consists of 12 months of survey data, which is broken down and released on a quarterly basis. 
About Socura Socura reduces cyber risk by proactively detecting and responding to threats, 24/7. Our Managed Detection and Response (MDR) service operates as an extension of an organisation’s security team – supplying highly skilled SOC experts and the additional capabilities needed to scale security operations and accelerate response to attacks. 
Image – https://mma.prnewswire.com/media/2521615/Their_Next_Job_was_in_Cyber.jpgLogo – https://mma.prnewswire.com/media/2449813/Socura_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/cybersecurity-is-fastest-growing-it-occupation-in-the-uk-reveals-socura-report-302265485.html

Continue Reading

Artificial Intelligence

Euromonitor International launches Passport AI – a gamechanger for the data analysis industry

Published

on

euromonitor-international-launches-passport-ai-–-a-gamechanger-for-the-data-analysis-industry

Passport AI will leverage the power of generative AI to transform the way our clients’ access and use market intelligencePassport AI’s impressive features, combining cutting-edge artificial intelligence with human intelligence, will ensure fast and easy access to the Passport platform Paradigm shift solution utilises a powerful combination of technologies and approachesLONDON, Oct. 2, 2024 /PRNewswire/ — Euromonitor International has today launched Passport AI – a game changer for the data analysis industry.

Passport AI is specially designed to supercharge the power of data analytics firm Euromonitor International’s market intelligence expertise. The platform will leverage the power of generative AI to transform the way clients are able to access and use Euromonitor’s market intelligence.
Euromonitor’s Passport AI utilises a powerful combination of technologies and approaches: 
Large Language Models (LLMs): These powerful AI models are trained on massive amounts of text data. Passport AI leverages LLMs to understand your natural language questions and identify relevant information within our extensive content library.Retrieval Augmented Generation (RAG): This approach ensures Passport AI stays grounded in fact-based information. Instead of creating entirely new responses, RAG retrieves and summarises relevant content from trusted Euromonitor publications. This allows clients to verify the source of the information and feel confident in its reliability. Multi-Agent System (MAS): This innovative system acts behind the scenes, working like a team of virtual researchers. MAS helps Passport AI refine your question and identify the most relevant information across our content, even with terminology specific to Passport or newly introduced natural language search. Combining cutting-edge artificial intelligence with human intelligence
Lamine Lahouasnia, Director of Generative AI at Euromonitor International, said: “We are already the first destination for organisations seeking growth and Passport AI’s impressive features, combining cutting-edge artificial intelligence with human intelligence, will ensure fast and easy access to our Passport product and our data analytics.
“Unlike other generative AI tools, the information provided by Passport AI is 100% sourced from Euromonitor’s trusted content. This transparency allows users to interrogate the underlying sources and have complete confidence in the credibility of the answers they receive.”
Tim Kitchin, CEO of Euromonitor International, said: “This significant investment in Passport AI underscores our dedication to client empowerment and demonstrates our commitment to continuous product improvement. We believe Passport AI will help clients derive even more value from the intelligence they already have access to within Passport, make the most of opportunities our insights uncover and achieve greater success.”
For more information about Passport AI book a demo.

View original content:https://www.prnewswire.co.uk/news-releases/euromonitor-international-launches-passport-ai–a-gamechanger-for-the-data-analysis-industry-302265417.html

Continue Reading
Advertisement
Advertisement

Latest News

Trending