Forbes Takes Majority Stake In Quantalytics AI Labs
(Source: forbes.com)

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(Original link: forbes.com)

Will Leverage Quantalytics’ Proprietary Insights For Editorial Content And Introduce Premium Digital Investment Products
NEW YORK, Dec. 2, 2019 – Forbes CEO Mike Federle today announced that the company has acquired a majority stake in Quantalytics AI Labs (formerly Quantamize), a leading quantitative investment research and analytics company.
The investment will allow Forbes to weave Quantalytics’ sophisticated investment analytics, research and insights into Forbes’ editorial content, while also paving the way for the companies to introduce new premium digital investment products.
“We’re relentlessly focused on building great experiences for our audience, and this investment allows us to enhance our existing editorial offering while also introducing products that offer cutting-edge investment insights and strategies for new audiences,” Federle said. “It also reflects our commitment to using artificial intelligence and other emerging technologies that will play a critical role in the development of content and other products as media and technology continue to merge in the coming decade.”
Founded in 2017 by Stephen Mathai-Davis and Wallace Mathai-Davis, Quantalytics AI Labs is a highly scalable, multi-asset class platform that utilizes sophisticated machine-learning algorithms, multi-factor models and other quantitative AI tools to deliver unparalleled investment recommendations. Quantalytics models 10,000 stocks from more than 30 countries, 3,000 ETFs, options and more than 100 cryptocurrencies. Its advanced big data-powered algorithms and unique multi-factor models assign a recommendation for every asset the firm covers.
“We started Quantamize with the mission to democratize big data and AI investing, and, in just two years, began offering digital products that help retail investors gain access to institutional-grade investment insights and strategies that were previously out of reach of most investors,” Stephen Mathai-Davis said. “In partnering with Forbes, we’re looking forward to launching sophisticated digital investment products and offerings, including mobile apps, premium newsletters and more.”
The investment was orchestrated by Taha Ahmed, Forbes’ Strategic Investment lead, who is focused on mergers-and-acquisitions, strategic and venture investments, partnerships and more.
As CEO of Quantalytics AI Labs, Stephen Mathai-Davis will report to a Board of Directors that includes representatives from Forbes Media, LLC and Integrated Whale Media Investments.
“We saw early on the potential of Quantalytics and where its technology could take us,” said Jeffrey Yam of Integrated Whale, who helped architect the deal. “Their use of AI and data insights is unlike anything on the market and has the potential to reshape investment products to deliver unmatched advice.”
About Forbes
The defining voice of entrepreneurial capitalism, Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most-influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 120 million people worldwide through its trusted journalism, signature LIVE events, custom marketing programs and 40 licensed local editions in 70 countries. Forbes Media’s brand extensions include real estate, education and financial services license agreements. For more information, visit: https://www.forbes.com/forbes-media/ .
Contacts:
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Christina Vega, [email protected]