Bloomberg releases Gen AI-enhanced solution

Bloomberg last week announced the availability of AI-Powered Earnings Call Summaries and the Document Search function {DS<GO>} on its mobile apps, including the Bloomberg Professional apps on iOS and Android and Bloomberg Pro for Vision which was built for the era of spatial computing. Bloomberg says the availability of this generative AI-enhanced solution on its mobile apps harnesses emerging technologies to help financial analysts improve their research workflow productivity and uncover deeper insights both on the desktop and on the go.

Users of the Bloomberg Professional and Bloomberg Pro for Vision app will benefit from these new enhancements, added Bloomberg, which enable financial analysts to visualize and explore both structured data and unstructured content from company and industry documents for a more complete research workflow. In addition, the Bloomberg Pro for Vision app enables Bloomberg Terminal users to bridge the gap between the multiple monitors of their traditional desktops and the infinite canvas enabled by Apple Vision Pro.

Len Welter, head of mobile infrastructure & technology in Bloomberg’s Office of the CTO, said: “With market events and company announcements taking place around the clock and across the globe, financial services firms are thinking about how to equip their enterprise workforce for the future with bigger screens for better productivity. Bloomberg’s continued development of workflow solutions for specific roles and asset classes using various desktop and mobile devices concretely shows our commitment to supporting our clients on this journey.”

AI-Powered Earnings Call Summaries uses the application of generative AI to help analysts save time during their research process. The solution enables users to decipher complex financial information and quickly extract key insights on topics addressed by corporate management teams, added Bloomberg.

The tool complements Document Search {DS<GO>}, the Bloomberg Terminal function which applies natural language processing to help users search across hundreds of millions of company and industry documents. Together, Bloomberg says the solutions reduce the burden of discovering the most salient points in earnings call transcripts – a crucial source for decision-making information – and are built into its suite of Research Management Solutions.

Andrew Skala, global head of companies and research product at Bloomberg, said: “Financial services firms are looking for ways to transform their business with leading-edge technology solutions that help their research teams save time and uncover new investment ideas. Now that AI-Powered Earnings Call Summaries and Document Search are available on both desktop and mobile devices, we are able to provide a more continuous research workflow solution with access to structured data and unstructured content so financial analysts can get context whenever and wherever they need it.”