Brightwave with Mike Conover| E355

In this episode of Fintech Impact, Jason Pereira interviews Mike Conover, CEO and Co-founder of Brightwave, an AI-driven investment research platform. Mike discusses how Brightwave leverages machine learning and artificial intelligence to provide insightful financial analysis by synthesizing data from multiple sources and uncovering patterns. The episode delves into the challenges of using AI for financial research, the advantages of Brightwave's approach, and the vision for the platform's future in the industry. Jason and Mike also explore the broader implications of generative AI in high-stakes domains like finance.

Episode Highlights:

• 00:09: Jason Pereira introduces the FinTech Impact podcast with guest Mike Conover, CEO of Brightwave, introducing the AI-driven research platform to the audience.
• 00:34: Mike expresses his appreciation for being on the show, signalling the start of the conversation about Brightwave.
• 00:36: Jason asks Mike to describe Brightwave, leading to a concise explanation of the platform's function in investment research.
• 00:39: Mike explains Brightwave as an AI platform generating valuable financial analysis and insights.
• 00:51: Jason praises Mike for delivering a concise elevator pitch about Brightwave, setting the tone for the interview.
• 06:26: Mike credits his co-founder’s deep financial services experience and their team’s technical expertise in enhancing Brightwave’s performance.
• 07:28: Jason observes differences in how teams approach AI solutions, pointing out the importance of addressing data reliability and network challenges.
• 08:30: Mike agrees, suggesting that quality AI solutions require a practical, problem-solving mindset for successful deployment.
• 09:16: Mike discusses Brightwave's focus on financial services, emphasizing accuracy as a key objective in their AI research platform.
• 12:15: Jason and Mike discuss the behavior of systems trained to find and interpret complex patterns, particularly in financial domains.
• 24:57: Mike reveals his wish for a more measured approach to AI technology amidst the current hype, focusing on genuine capabilities.
• 25:40: Jason reflects on the early excitement about AI, predicting a period of adjustment to realistic use cases and applications.

Key Points:

• Brightwave uses advanced AI to synthesize data, uncovering insightful financial analysis beyond conventional methods.
• Acknowledging AI's limitations is crucial for ensuring practical applications in high-stakes industries like finance.
• Despite the AI hype, its value lies in powerful data reasoning, not the creation of an all-knowing entity.

Tweetable Quotes:

• "AI in finance isn't about creating a living god; it's about transforming how we reason over text."- Mike Conover
• "Synthesis, not just data gathering, is where Brightwave creates true value for financial analysts."- Mike Conover
• "Our challenge is showcasing AI's thought process, making it legible and valuable for users."- Mike Conover

Resources Mentioned:

• Facebook – Jason Pereira's Facebook
• LinkedIn – Jason Pereira's LinkedIn
• Woodgate.com – Sponsor
• Podcast Editing
• https://www.brightwave.io/
• https://www.linkedin.com/in/michaelconover/

Hosted on Acast. See acast.com/privacy for more information.