Deep Tide TechFlow News, December 10th, investment banks are integrating years of accumulated trading data in an attempt to surpass competitors in an industry increasingly reliant on artificial intelligence. Some companies are even profiting by selling data to clients. Moelis CEO Navid Mahmoodzadegan stated, “We are consolidating vast amounts of data collected over the past 18 years to ensure its availability and access to various AI tools. What we need to consider is how to leverage data to win business, provide better advice, and facilitate transactions.” An increasing number of institutions are beginning to use internal AI tools and deploy external platforms like the startup Rogo. Houlihan Lokey, known for mid-market deal matchmaking, claims its extensive data set provides a unique advantage. CEO Scott Adelson said, “Having a statistically significant data set allows us to analyze differently from others and possess an information base that others do not have.” (Jin10)
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