New updates have been reported about AlphaSense (PC:ALPSE)
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AlphaSense, a leader in AI-driven market intelligence, has announced the acquisition of Carousel, a company known for its AI-powered Excel modeling technology. This strategic move, revealed at the AlphaSummit customer conference, aims to integrate Carousel’s dynamic modeling capabilities into AlphaSense’s existing AI platform. By doing so, AlphaSense seeks to streamline financial modeling processes for analysts, significantly reducing the manual effort traditionally required in Excel workflows. This integration promises to enhance the speed and accuracy of financial model creation, allowing analysts to focus more on strategic insights rather than tedious data manipulation.
The acquisition allows AlphaSense to combine Carousel’s modeling technology with its extensive content universe, which includes Canalyst models for 4,500 companies. This integration enables analysts to build and refine models using insights from a wide array of sources, including earnings calls and research reports, directly within Excel. The enhanced platform will also feature context-aware AI, allowing for more thorough scenario testing and hypothesis exploration. AlphaSense CEO Jack Kokko emphasized that this acquisition not only extends the company’s leadership in AI-driven market intelligence but also transforms Excel into a more powerful analytical tool. The financial terms of the acquisition were not disclosed, but the move is expected to reinforce AlphaSense’s position as a market leader, offering a seamless, in-platform experience that enhances decision-making capabilities for its users.