Bloomberg Launches Gen AI Summarization for News Content

Bloomberg Terminal® Users Can More Efficiently Consume Key Insights From News 

Bloomberg today announced the availability of AI-Powered News Summaries to help Bloomberg Terminal users quickly absorb key takeaways and stay informed. The new solution follows the launch of AI-Powered Earnings Call Summaries as part of the company’s focus on reimagining the Bloomberg Terminal for the age of AI and providing useful innovations through the practical application of emerging technology. 

AI-Powered News Summaries provides users with three succinct bullet points at the top of Bloomberg News content on the Terminal. Bloomberg uses generative AI technology to create the news summaries. These are evaluated by the company’s subject matter experts to continuously refine the large language model’s performance. The solution is designed to help financial professionals and corporate executives save time through the efficient discovery of relevant and timely information, better decide which stories to read in depth, and enable them to explore and share more news.

George Karas, Senior Executive Trader at Trillium Trading, said: “The new AI-Powered News Summaries for Bloomberg News articles has been a game-changer for me. They provide clear, concise insights that allow me to quickly grasp the essence of complex stories. As an event-driven proprietary trader, I find this to be an incredibly valuable tool for staying informed in a constantly evolving market.”

Bloomberg Terminal customers can utilize AI-Powered News Summaries for many purposes as it’s built to be flexible to their specific needs and workflow. The tool can help users quickly grasp timely stories that may drive immediate actions for investors. For long-form analysis or feature stories, the tool provides a bird’s eye view of the content and enables customers to explore salient information located below the first few paragraphs, condensing information and surfacing important details so users can quickly decide whether to dive deeper.

Chris Collins, Chief Product Officer of News at Bloomberg, said: “The fast-paced information landscape is increasingly challenging for financial professionals and news audiences to navigate. AI-Powered News Summaries helps users stay on top of the news they need to make informed business decisions.”

The Bloomberg Terminal offers powerful tools for news content—including optimized search, monitors, alerts, sentiment analysis, trend spotting and summarization– which help users easily see the right stories at the right time and find actionable insights in the noise. These solutions can be utilized on customers’ desktops and via the Bloomberg Professional app for mobile devices, providing them with a wide variety of trustworthy news content that is conveniently available in one place alongside other data and information crucial to decision-making.

About AI at Bloomberg

Since 2009, Bloomberg has been building and using artificial intelligence (AI) in the finance domain – including machine learning (ML), natural language processing (NLP), information retrieval (IR), time-series analysis, and generative models – to help process and organize the ever-increasing volume of structured and unstructured financial information. With this technology, Bloomberg is developing new ways for financial professionals and business leaders to derive valuable intelligence and actionable insights from high-quality financial information and make more informed business decisions.

About the Bloomberg Terminal

For more than four decades, the Bloomberg Terminal has revolutionized the financial services industry by bringing transparency and innovation to the capital markets. Trusted by the world’s most influential decision-makers, the Terminal provides real-time access to news, data, insights and trading tools that help our customers turn knowledge into action.

About Bloomberg

Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

Media Contact
Robert Madden, rmadden29@bloomberg.net, +1 (646) 807-2213