Re:Launch HN: Bedrock AI (YC S21) – Using ML to identify red...
by HeatherJudd on Tuesday July 20, 2021 @03:38PM
(#27898258)
It's definitely something we've discussed as a team.
We would like to help make fraud less profitable.
The current iteration of the product requires users with some level of financial expertise - hence why we are starting with fundamentals investors. We believe that the longer a fraud goes on, the more people get hurt - so we want to bring these issue to the forefront. Perhaps each trade can be considered a zero-sum game, but long-term there is a benefit to all market participants. We love the idea of every investor considering how aggressive accounting/reporting informs management integrity. Unfortunately, I think we have some time before this becomes the norm.
How do you balance those two sides? I mean it as a potential customer who would love to pay for your product, but want to understand how you prevent this becoming a alpha-generating NLP strategy for one hedge firm who pays the most for it.