I read lots of quarterly report summaries. I like what you're doing here, but you need to be aware that AI summaries are already built into many existing platforms. So don't expect to be able to monetize this as it stands.
I read lots of quarterly report summaries. I like what you're doing here, but you need to be aware that AI summaries are already built into many existing platforms. So don't expect to be able to monetize this as it stands.
And way before the current wave of LLMs, I did some consulting for a company that provided these kind of summaries over a decade ago, and I’m sure they weren’t that early themselves
Yes, but:
1. These summaries were terrible. 2. The economics of these summaries was to get into Google News, spam newsfeeds, and use this to drive traffic to your paid product. This business model stopped working when Google News stopped accepting new sources for their Finance feed...because it was full of spam (I worked for a company that tried to start in this area with human writers, didn't work because they couldn't get onto Google).
Simply Wall St was one company that made tens of millions doing this, there were many others...but none were doing anything that is related to what OP is doing.
Every time someone will tell you something can't be done...this very clearly can work, it is not easy but ad revenue for financial services is still completely ludicrous and most services doing this are complete garbage (the news articles above the OP is producing are far from it, I worked in equity research, this is better than most journalism in the space...which is now non-existent...and probably at the level of a junior analyst).
When I was graduating college before the Great Recession, several of my recruiter pings were for companies wanting to parse financial documents.
If they were reaching out to not particularly special undergraduates twenty years ago, I'm guessing it goes back at least thirty.