Nasdaq Rolls Out AI Service For Investors PYMNTS.com

Recently, Nasdaq Inc. announced the launch of a new service that looks to put a subset of artificial intelligence technologies toward growing investor profit. Called the Nasdaq Analytics Hub, the new service will leverage machine learning to sift through social media, central bank, retail sentiment and end-of-day trading data, deriving insight that fund managers and traders can then leverage to enhance investment strategies. "We back test the data using a number of strategies," Mike O'Rourke, global head of Machine Intelligence and Data Services at Nasdaq, told Reuters in an interview. "Then we use machine intelligence to add value-added analytics to the data that allows firms to make it more actionable." The newswire noted that financial technology startup Lucena Research scrutinizes the data, sourced from Nasdaq as well as a number of third-party providers.