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they have to start pivoting as their core business model of charging a human being ~$30k USD to access a data terminal is dead with AI. now instead of having 1
by DaedalusII 8mo ago
they have to start pivoting as their core business model of charging a human being ~$30k USD to access a data terminal is dead with AI.
now instead of having 10 human agents using 10 human terminals that costs $300k you can have 100 AI agents orchestrated into a single terminal that costs $30k
its especially dead because people can begin to develop macros and tools to create alternatives to their system using raw data models, and filters, as well as machine-tools rather than just using transformer models to process reports
- hshdhdhj4444 8mo agoThat may be true but it has nothing to do with their news media grow out which has been happening for decades.
- drawfloat 8mo agoAI agents trawling the web: famously incredibly low latency, sourcing news before it hits social media, and accurate enough to be able to stake multi million dollar trades on.
- DaedalusII 7mo agonot quite: ai agents accessing the terminal which has the accurate data you don't need to have large human teams reading the terminals anymore. the human headcount required to consume the bloomberg content is shrinking, not the headcount required to create it
- wolvoleo 8mo agoIsn't the biggest value of the terminal really more of an exclusive social network than a stock tracker? You basically buy a rolodex with the who's who of business on speed dial.