Invest Like the Best with Patrick O'Shaughnessy Jack Kokko - Building AlphaSense - [Invest Like the Best, EP.404]
Jack Kokko, CEO of AlphaSense, reveals how his AI-driven market intelligence platform started by unifying fragmented financial data and evolved with large language models. He discusses the recent acquisition of Tegus, which expands their services beyond investment firms. The conversation delves into building user trust amidst rapid AI advancements, cultural integration during mergers, and navigating startup growth. Kokko's enthusiasm for the future of AI and its potential to revolutionize business decision-making is palpable!
49:12
AI Revolution in Market Research
- Jack Kokko, AlphaSense CEO, discusses the evolution of AI in market research.
- He highlights the shift from fragmented data sources to large language models (LLMs).
Semantic Search and LLMs
- AlphaSense uses AI to understand financial content like a human analyst.
- LLMs allow for greater context and understanding, enabling better search results.
Early AlphaSense Data Sets
- AlphaSense initially aggregated data used by investment analysts, including company filings and sell-side research.
- Access to private, proprietary sources like bank research was limited.
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Intro
00:00 • 3min
Navigating AI: Building a Semantic Search Engine for Financial Insights
03:15 • 3min
Advancements in Enterprise Search and Contextual Understanding
06:41 • 2min
Advancements in Data Insights and Access
08:58 • 2min
Revolutionizing Information Retrieval with AI Technologies
11:19 • 7min
Navigating Trust and Fragmentation in Financial Information
18:01 • 4min
Building Agile and Adaptive Systems for Enhanced Investment Insights
22:21 • 2min
Leveraging Data and M&A Insights for Investment Success
24:29 • 8min
Navigating Cultural Integration in Mergers and Acquisitions
32:36 • 2min
Navigating the Complexities of Selling to Investors and Corporations
34:40 • 8min
Cultural Reflections on Risk and the Journey of AlphaSense
43:08 • 2min
Scaling a Business Solution: Insights into Market Expansion and Technology Advancements
45:17 • 9min
Transitioning Investment Operations: Exploring Innovative Infrastructure Solutions
51:49 • 5min
Assessing Vendor Expertise Through Challenging Interactions
54:25 • 45sec
Transitioning to Enhanced Vendor Solutions
55:10 • 1min
Exploring Comprehensive Solutions with Ridgeline
56:33 • 15sec
Navigating the Challenges of Startup Growth
56:48 • 4sec
Navigating the Journey of Building a Successful Business
56:52 • 0sec
Building Alphasense: Navigating Challenges and Innovations
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Building a Competitive Research Platform
56:52 • 0sec
Building Alphasense: Strategies and Growth Challenges
56:52 • 0sec
Navigating the Path of Entrepreneurship and Innovation
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
Navigating the Journey of Tech Entrepreneurship
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Strategic Vision and Challenges in Technology Development
56:52 • 0sec
Building AlphaSense: A Journey of Innovation
56:52 • 0sec
The Alphasense Journey: Challenges and Innovations
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
Building Alphasense: Innovation and Challenges
56:52 • 0sec
Building Innovative Financial Technology Solutions
56:52 • 0sec
Building Alphasense: Challenges & Innovations
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Building a Data-Driven Business: Insights into Entrepreneurship
56:52 • 0sec
The Journey of Building Alphasense
56:52 • 0sec
Building Alphasense: Innovation in Financial Technology
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Building Alphasense: A Tech Journey
56:52 • 0sec
Building Alphasense: Innovations and Insights
56:52 • 0sec
Navigating Startup Challenges and Growth Strategies
56:52 • 0sec
Building Alphasense: Insights and Challenges
56:52 • 0sec
Navigating Growth and Innovation in Tech
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Navigating the Entrepreneurial Journey
56:52 • 0sec
Building Alphasense: An AI Journey
56:52 • 0sec
Building Alphasense: Navigating Challenges and Strategies
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Navigating the Challenges of Tech Entrepreneurship
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Building Alphasense: A Journey Through Innovation
56:52 • 0sec
The Journey of AlphaSense: Innovation and Challenges
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
Navigating the Landscape of Business Information Technology
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Building a Technology Company: Overcoming Challenges and Iteration
56:52 • 0sec
Building Alphasense: A Journey of Innovation and Strategy
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
The Journey of Building an AI-Driven Company
56:52 • 0sec
Navigating the Path to Innovation in Finance Technology
56:52 • 0sec
Building Alphasense: Innovation in Investment Research
56:52 • 0sec
Building a Competitive AI-Powered Information Platform
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Building Alphasense: Innovations and Insights
56:52 • 0sec
Building a Technology Platform for Financial Professionals
56:52 • 0sec
Building Innovative Financial Technology
56:52 • 0sec
Building Alphasense: Navigating Challenges and Innovation
56:52 • 0sec
Building a Revolutionary Information Access Platform
56:52 • 0sec
Building Alphasense: Strategies for Success
56:52 • 0sec
Building a Successful Tech Venture
56:52 • 0sec
Building AlphaSense: Innovations in Information Search
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Building Alphasense: Innovations and Insights
56:52 • 0sec
Building Alphasense: Insights and Innovations
56:52 • 0sec
Building a Successful Tech Company: Challenges and Strategies
56:52 • 0sec
Building Alphasense: Challenges and Insights
56:52 • 0sec
Building a Data-Driven Company
56:52 • 0sec
Building Alphasense: Innovating Investment Decisions
56:52 • 0sec
Navigating Entrepreneurship: Lessons in Growth and Adaptability
56:52 • 0sec
Innovating Alphasense: A Journey in Market Intelligence
56:52 • 0sec
Building a Data-Driven Financial Future
56:52 • 0sec
Navigating the Alphasense Journey
56:52 • 0sec
Building Alphasense: Strategies and Insights
56:52 • 0sec
Building AlphaSense: Innovation and Challenges
56:52 • 0sec
Navigating Company Growth and Innovation
56:52 • 0sec
The Alphasense Innovation Journey
56:52 • 0sec
Building a Data-Driven Technology Company
56:52 • 0sec
Building Alphasense: Navigating Challenges and Innovation
56:52 • 0sec
Building a Powerful Data Analytics Company
56:52 • 0sec
Building AlphaSense: Challenges and Innovations
56:52 • 0sec
Innovative Technology in Market Research and Data Analysis
56:52 • 0sec
Building a Successful Startup: Strategies and Challenges
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Navigating the Journey of Building a Successful Tech Company
56:52 • 0sec
Building Alphasense: Innovations and Insights
56:52 • 0sec
Building Alphasense: Navigating Challenges and Innovations
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
Building Alphasense: The AI Journey
56:52 • 0sec
Building Alphasense: Strategies and Challenges
56:52 • 0sec
The Journey of Building Alphasense
56:52 • 0sec
Building an AI-Driven Analytics Success
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
The Alphasense Journey: Building a Data-Driven Business
56:52 • 0sec
Building a Data-Driven Tech Company
56:52 • 0sec
Building AlphaSense: Challenges and Innovations
56:52 • 0sec
Building Alphasense: Innovations and Insights
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
Building Alphasense: Journey and Insights
56:52 • 0sec
The Journey of Building a Financial Research Platform
56:52 • 0sec
Building AlphSense: Challenges and Innovations
56:52 • 0sec
The Entrepreneurial Journey: Building a Tech Startup
56:52 • 0sec
Building Alphasense: Innovation and Insights
56:52 • 0sec
Building Alphasense: The Entrepreneurial Journey
56:52 • 0sec
Building Alphasense: An Entrepreneurial Journey
56:52 • 0sec
Navigating the Journey of Startup Success
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Building a Financial Technology Vision
56:52 • 0sec
Building AlphaSense: Insights and Innovations
56:52 • 0sec
The Journey of Alphasense: Strategies and Innovations
56:52 • 0sec
Building Alphasense: Innovation and Strategy
56:52 • 0sec
The Alphasense Journey: Challenges and Innovation
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
The Evolution of Alphasense
56:52 • 0sec
Building a Successful Company and Team Dynamics
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Navigating the Startup Journey: Challenges and Triumphs
56:52 • 0sec
Building Alphasense: Insights and Challenges
56:52 • 0sec
Building Alphasense: Innovations in Financial Search
56:52 • 0sec
Building Alphasense: Innovations in Finance
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
Building a Tech Enterprise: Challenges and Insights
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Navigating Business Growth and Innovation
56:52 • 0sec
Building Alphasense: Navigating Challenges and Innovations
56:52 • 0sec
Navigating Entrepreneurship and Market Challenges
56:52 • 0sec
Building Alphasense: A Journey of Innovation and Strategy
56:52 • 0sec
Navigating Technology in Investment Decisions
56:52 • 0sec
The Journey of Building Alphasense
56:52 • 0sec
Building a Tech Startup in AI: Challenges and Insights
56:52 • 0sec
Building AlphaSense: Challenges and Innovations
56:52 • 0sec
The Journey of Building a Data-Driven Business
56:52 • 0sec
Building Alphasense: Innovations in Financial Technology
56:52 • 0sec
Building Alphasense: A Journey in Innovation
56:52 • 0sec
Journey of Building a Successful Company
56:52 • 0sec
Building Alphasense: Innovation and Strategy
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Journey of Building a Data-Driven Technology Company
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Building AlphaSense: A Financial Revolution
56:52 • 0sec
Building Alphasense: The Entrepreneurial Journey
56:52 • 0sec
Navigating Startup Challenges
56:52 • 0sec
Building Alphasense: A Technological Journey
56:52 • 0sec
Building Alphasense: Navigating Innovation and Challenges
56:52 • 0sec
Building AlphaSense: Challenges and Innovations
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
The Journey of Building Alphasense
56:52 • 0sec
Building Alphasense: The Journey of Innovation
56:52 • 0sec
Building a Data-Driven Business for the Future
56:52 • 0sec
Building Alphasense: A Startup Journey
56:52 • 0sec
Building a Successful Tech Company: Insights and Strategies
56:52 • 0sec
Building Alphasense: Innovation in Fintech
56:52 • 0sec
Navigating the Tech Startup Landscape
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
Navigating the Tech Startup Journey
56:52 • 0sec
Building Alphasense: Innovations and Challenges
56:52 • 0sec
Innovating in Information Retrieval: The Journey of a Tech Leader
56:52 • 0sec
Building Alphasense: Innovation and Challenges
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
Innovative Strategies in Building a Business Intelligence Platform
56:52 • 0sec
Building Alphasense: Navigating Challenges and Innovations
56:52 • 0sec
Building AlphaSense: The AI Journey
56:52 • 0sec
Building Alphasense: A Financial Technology Journey
56:52 • 0sec
Building Alphasense: Navigating Challenges and Innovation
56:52 • 0sec
Building Alphasense: Challenges and Innovations
56:52 • 0sec
Building a Data-Driven Tech Company
56:52 • 0sec
Building Alphasense: An Entrepreneurial Journey
56:52 • 0sec
Building Alphasense: A Tech Journey
56:52 • 0sec
Building Alphasense: A Journey of Innovation and Leadership
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
Building Alphasense: A Tech Journey
56:52 • 0sec
The Journey of Building a Successful Tech Startup
56:52 • 0sec
The Power of Collaboration and Team Unity
56:52 • 0sec
Building Alphasense: A Technological Journey
56:52 • 0sec
Revolutionizing Investment Research with AI
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
Building Alphasense: Navigating AI in Finance
56:52 • 0sec
Navigating Innovation in Tech Development
56:52 • 0sec
Innovating Information Intelligence: The AlphaSense Journey
56:52 • 0sec
Building Alphasense: A Transformative Journey
56:52 • 0sec
Building Alphasense: A Journey of Innovation
56:52 • 0sec
The Journey of Building Alphasense
56:52 • 0sec
Building Alphasense: The Entrepreneurial Journey
56:52 • 0sec
Building Alphasense: Innovating Financial Insights
56:52 • 0sec
Building Alphasense: A Startup Journey
56:52 • 0sec
My guest today is Jack Kokko. Jack is the CEO and Founder of AlphaSense, an AI-powered search engine for market intelligence. He shares how AlphaSense began by aggregating fragmented financial data sources and evolved with the advent of large language models to change the research experience completely. He speaks to their recent acquisition of Tegus earlier this year, reshaping the business and further supporting their expansion to serve all types of companies instead of exclusively investment firms. Jack has been navigating the AI revolution from its earliest days and you can feel his excitement when he talks about the future. We discuss building an agile platform, the importance of managing cultural integration, balancing AI capabilities with user trust, and the frontier for this technology. Please enjoy my conversation with Jack Kokko.
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
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This episode is brought to you by AlphaSense. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Imagine completing your research five to ten times faster with search that delivers the most relevant results, helping you make high-conviction decisions with confidence. AlphaSense provides access to over 300 million premium documents, including company filings, earnings reports, press releases, and more from public and private companies. Invest Like the Best listeners can get a free trial now at Alpha-Sense.com/Invest and experience firsthand how AlphaSense and Tegus help you make smarter decisions faster.
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This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform.
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Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:08:32) The Evolution of AlphaSense and AI Integration
(00:10:24) Impact of Large Language Models
(00:19:24) User Behavior and Trust in AI
(00:26:24) Future of AI in Investment Research
(00:28:41) The Value of Proprietary Data
(00:31:24) M&A Insights and Lessons Learned
(00:32:59) The Tegus Opportunity and Investor Insights
(00:34:41) Building Trust and Cultural Compatibility in M&A
(00:37:33) Selling to Investors vs. Corporations
(00:40:46) Personal Motivation and Entrepreneurial Journey
(00:47:24) Breaking into the Corporate Market
(00:49:28) Future of AI and Foundational Models
(00:52:04) The Kindest Thing Anyone Has Ever Done For Jack