Digital oil field could add $1 trillion to the world’s economy
Bloomberg Technology
An industry that only uses about one percent of the data it generates is trying to harness it to see where to pump more oil faster for less money. Read More
Authorized use of Facebook data can do a lot of good
Bloomberg View
You’ve probably read all about the Cambridge Analytica-Facebook scandal. In this piece, Bloomberg opines on why we shouldn’t overreact. Read More
Numerai will give $1M in crypto tokens to Kaggle users
VentureBeat
The hedge fund incentivizes its members by giving them digital tokens they can stake during algo tournaments. Winning algorithms are then selected based on how they perform on the live market and rewarded with more tokens. Read More
Proof that information pays
CNBC
Researchers find that funds accessing one or more SEC filings in a month exhibit 1.5 percent higher annualized abnormal returns in the next month. Renaissance Technologies and BlackRock were among the top users of this data. Read More
Sentiment data is still thriving
GeekWire
Social media analytics company Dataminr has stealthily opened a Seattle office. The company says it has now raised more than $180M and employs close to 400 people worldwide. Read More
Exec Q&A: Petra Wikström, BNP Paribas
Traders Magazine
Petra Wikström of BNP Paribas shares her thoughts on the buy-side’s use of artificial intelligence, alternative data and trade cost analysis to generate alpha. Read More
M Science launches Mobile Supply Chain Data for wireless semiconductors
Business Wire (Press Release)
The new offering provides a comprehensive view of SKU-level sales volume, highlighting key trends for over 50 global smartphone component manufacturers. Read More
Will BlackRock’s algorithms beat the fund managers?
Financial Times (Subscription)
BlackRock hopes that SAE will not only become its own “quant” powerhouse but also help transform its wider business by incubating new techniques and data sources that will be spread across its asset management complex. Read More