Bloomberg has made available AI-Powered News Summaries to enable Bloomberg Terminal users to speedily digest key takeaways and to remain informed.
The development follows the launch of AI-Powered Earnings Call Summaries, which came as part of Bloomberg’s goal to “reimagine the Bloomberg Terminal for the age of AI.”
Users of AI-Powered News Summaries will be provided with three bullet points at the top of Bloomberg News content on the Terminal, which are generated through generative AI technology.
Bloomberg added that these bullet points are evaluated by the company’s subject matter experts to continuously refine the large language model’s performance.
The offering aims to help financial professionals save time through the efficient discovery of relevant and timely information, better decide which stories to read in depth, as well as allowing them to explore and share more news.
“The new AI-Powered News Summaries for Bloomberg News articles has been a game-changer for me,” said George Karas, senior executive trader at Trillium Trading.
“They provide clear, concise insights that allow me to quickly grasp the essence of complex stories. As an event-driven proprietary trader, I find this to be an incredibly valuable tool for staying informed in a constantly evolving market.”
Bloomberg Terminal customers can access AI-Powered News Summaries for various purposes, as it’s built to adapt to their specific needs and workflow.
“The fast-paced information landscape is increasingly challenging for financial professionals and news audiences to navigate,” added Chris Collins, chief product officer of news at Bloomberg.
“AI-Powered News Summaries helps users stay on top of the news they need to make informed business decisions.”