LSEG Pays $3.5 Billion to Feed Wall Street’s AI
By PYMNTS
AI summary of the source article
London Stock Exchange Group announced it is acquiring credit intelligence provider Octus for $3.535 billion. The deal was one of two investments announced on Thursday reflecting the rising value of financial research data.
Key facts
- London Stock Exchange Group announced the acquisition of credit intelligence provider Octus for $3.535 billion.
- The transaction was announced on Thursday (Oct. 22).
- Artificial intelligence is reducing the time and cost of financial research while the underlying data becomes more valuable.
Source excerpt · PYMNTS
Artificial intelligence is reducing the time and cost of financial research, but the data behind that research is becoming more valuable. Two investments announced Thursday (Oct. 22) illustrate the shift. London Stock Exchange Group (LSEG) announced that it is acquiring credit intelligence provider Octus for $3.535 billion. Cognitive Credit, a provider of corporate debt-market intelligence, […] Th…