This Harvard PhD’s AI Startup Aims to Help Analysts Triple Coverage
- Firm run by 31-year old Harvard alum began with Fed statements
- Recommendations more useful for short-term trades: investor
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After applying his machine learning programs to central bank policy statements to churn out trading calls, a hedge fund-backed political economy specialist is aiming his sights on corporate earnings announcements.
Evan Schnidman, a 31-year-old who set up his own firm after a Harvard University PhD dissertation that looked at the Federal Reserve’s communications, is hoping the approach that lured $3.3 million in a fund-raising round last December will work in the corporate sphere. St. Louis-based Prattle has until now focused on applying the artificial intelligence method known as natural-language processing to make assessments on Fed and other central bank policy statements.