StanleyDruck13F
Smart Portfolio
6 months ago
⭐ Druckenmiller, Coffey, Peterffy Backing AI Market Research Firm In the latest sign of how Wall Street is playing the AI trend, financial heavyweights Stanley Druckenmiller, Greg Coffey and Thomas Peterffy are among those participating in a $30 million funding round for Reflexivity, an AI market-research firm. Reflexivity, formerly known as Toggle AI, described the raise in a press release as a Series B, with additional investments from General Catalyst and SoftBank Latin America. Druckenmiller and Coffey, both hedge-fund managers, had previously invested in the company alongside Millennium Management’s Izzy Englander. Coffey and a representative for Druckenmiller didn’t immediately respond to a request for comment. Reflexivity says it can provide insights into more than 40,000 stocks, bonds and commodities. It uses a large language model that ingests both structured and unstructured data — things like trading statistics and SEC filings. Monday marks the first day the research firm is going by the name “Reflexivity,” with the new moniker more closely aligning “with how our platform helps with the investment process,” according to co-founder and CEO Jan Szilagyi. 📰 Read more: www.bnnbloomberg.ca/business/technology/2024/10/28/druckenmiller-coffey-peterffy-backing-ai-market-research-firm/
Druckenmiller, Coffey, Peterffy Backing AI Market Research Firm
www.bnnbloomberg.ca
In the latest sign of how Wall Street is playing the AI trend, financial heavyweights Stanley Druckenmiller, Greg Coffey and Thomas Peterffy are among those participating in a $30 million funding round for Reflexivity, an AI market-research firm.
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