FactSet(US:FDS) Globenewswire·2026-02-04 13:00Core Insights - FactSet has launched AI Doc Ingest for Cobalt, an AI-powered solution aimed at improving portfolio company data collection for private capital managers, eliminating the need for client-side model training [1][2] Group 1: Product Features and Benefits - The AI Doc Ingest solution automates data extraction and ingestion, allowing clients to upload raw source files and extract structured data efficiently, regardless of file format [2][4] - Early beta users, including multinational private equity firms and venture capital managers, have reported significant improvements in efficiency, reducing multi-day document processes to just minutes [5][6] - The solution enhances data accuracy and transparency by minimizing human error and providing audit trails for all extracted data, ensuring seamless validation [6] Group 2: Market Position and Future Plans - FactSet's AI Doc Ingest distinguishes itself from competitors by not requiring model training and adapting to evolving document formats, thus reducing onboarding time and hidden costs [2][4] - The beta version is currently available to select clients in North America, with a general release planned for March 2026 and a rollout in Europe expected in late spring 2026 [7]