Domain - specific AI
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TrueNorth Raises $3M to Build Domain-Specific AI for Finance
Yahoo Finance· 2025-12-04 19:03
Core Insights - 54% of investors utilize ChatGPT for trading and investment decisions, yet only 11% trust the results, indicating a significant gap between AI's potential and its current performance in financial markets [1] - TrueNorth has raised $3 million to develop specialized financial intelligence aimed at bridging this gap [1] Investment and Development - The pre-seed funding round was led by CyberFund, with participation from Delphi Labs, SNZ, GSR, and Ocular, focusing on creating a "reasoning layer for financial intelligence" that avoids hallucinations in critical financial contexts [2] - TrueNorth emphasizes the necessity for domain-specific AI in finance, contrasting it with specialized AI in other sectors like legal and healthcare [2] Market Challenges - The TrueNorth team, with backgrounds from Meta, Temasek, and Goldman Sachs, identified that generic AI models struggle in fast-paced financial markets due to their inability to grasp market context and structural reasoning [3] - Willy Chuang, co-founder of TrueNorth, asserts that generalized AI fails in financial environments because of the rapid market movements and high stakes involved [4] Technological Approach - TrueNorth's platform aims to convert elite trader expertise into AI agents through structured playbooks, real-time data integration, and proprietary models tailored to market logic [4] - Early results indicate a 98% accuracy rate on finance-specific tasks, which is a 28% improvement over leading general models, while also achieving an 80% reduction in latency [5] User Engagement - TrueNorth addresses the challenges faced by both professional and retail traders by creating AI-powered digital twins that replicate expert workflows [6] - The startup has partnered with leading educators, reaching over 1.5 million cumulative followers, enabling everyday traders to adopt the logic and discipline of expert traders [7]
SL Green Office Leasing Volume Exceeds 1.9 Million Square Feet
Globenewswire· 2025-10-15 20:25
Core Insights - SL Green Realty Corp. has signed office leases totaling 1,924,364 square feet in Manhattan for 2025, with a current pipeline exceeding 1.0 million square feet, indicating strong tenant demand and rising rents in the market [1][2] Group 1: Company Performance - SL Green Realty Corp. is Manhattan's largest office landlord, holding interests in 53 buildings totaling 30.7 million square feet as of September 30, 2025, including 27.1 million square feet of Manhattan buildings [2] - The occupancy rate at One Madison Avenue has increased to 91.2% due to recent lease agreements [4] Group 2: Notable Leases - Harvey AI Corporation signed a 10-year lease for 92,663 square feet at One Madison Avenue, contributing to the increased occupancy [4] - A financial services company also signed a 10-year expansion lease for 92,663 square feet on the fifth floor of One Madison Avenue [4] - Sigma Computing, Inc. signed an 11-year lease for 64,077 square feet on a portion of the third floor at One Madison Avenue [4] - The NYS Office of General Services signed a 15-year expansion lease for 66,106 square feet at 919 Third Avenue, increasing its total commitment to 117,390 square feet [4] - Teneo Holdings LLC renewed its lease for 46,551 square feet at 280 Park Avenue for 10 years [4] - Sagard Capital Partners Management Corp. signed a 10-year renewal and expansion lease for 40,516 square feet at 280 Park Avenue [4]