Cambridge, Massachusetts-based artificial intelligence (AI) platform Kensho has built a solution that can successfully predict market trading and is receiving significant attention from Wall Street; its AI-powered platform helped the company identify currency trends following Brexit that resulted in substantial gains from trades against the British pounds decreasing value; the company has announced a new partnership with S&P Global and has received investment from Goldman Sachs, JPMorgan Chase, Bank of America Merrill Lynch, Morgan Stanley, Citigroup, Wells Fargo, General Catalyst, Breyer Capital and Google Ventures; the firm is led by Daniel Nadler, a Harvard trained Ph.D; its new partnership with S&P Global Market Intelligence will supply new data feeds to power its AI analysis and support its numerous solutions including the Kensho Global Event Database and Kensho's Knowledge Graph; the business is expected to become integrated with Wall Street's mainstream banks, emerging as one of the market's leading solutions for AI-powered trading. Source
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·In this analysis, we focus on Goldman Sachs launching an institutional embedded finance offering within Amazon Web Services, and Thought Machine raising a unicorn round for its cloud core banking platform. We explore these developments by focusing on the emerging role of cloud providers as distributors of third party software, think through some of the implications on standalone fintechs and open banking, and check in on AI company Kensho. Last, we highlight the difference between Web3 and Web3 approaches to “cloud”, and suggest a path as to how those can be rationalized in the future.