Linq raises $6.6M to use AI to make research easier for financial analysts
How does Linq's AI agent specifically benefit hedge fund analysts and institutional investors?
Linq's AI agent is designed to automate various tasks involved in financial analysis and research, which can significantly benefit hedge fund analysts and institutional investors. The AI agent uses domain-specific search and large language models to perform tasks such as scheduling, communication, scanning research reports, and building financial models. It can also summarize securities filings, earnings reports, call transcripts, and other company-specific information.
Hedge fund analysts and institutional investors who need to cover hundreds of equities will experience a considerable productivity boost, particularly in analyzing earnings call transcripts. The AI agent's ability to process and summarize vast amounts of data helps support portfolio managers in making informed investment decisions. Unlike more general AI tools like ChatGPT, Linq's AI agent is tailored specifically for the financial sector, making it more suitable for the needs of hedge fund analysts and institutional investors.
How did the founders of Linq, Jacob Chanyeol Choi and Subeen Pang, come to start the company?
Jacob Chanyeol Choi and Subeen Pang, both MIT alumni, founded Linq after winning the Samsung Open Collaboration in 2023. This program, hosted by Samsung Financial Networks, served as an accelerator for their idea to build large language models (LLMs) for enterprises, particularly in the financial sector. Their experience in the program led to the creation of Linq, an AI-driven platform that automates various tasks required for financial analysis and research.
What specific tasks does Linq's AI agent automate for financial analysis and research?
Linq's AI agent automates a variety of tasks required for financial analysis and research. These tasks include scheduling, communication, scanning research reports, building financial models, summarizing securities filings, earnings reports and call transcripts, and providing other company-specific information. The AI agent is designed to help hedge fund analysts and institutional investors cover hundreds of equities and boost their productivity, particularly with earnings call transcript summaries.