INVESTING, AI, THE NEW "BLOOMBERG UNTERMINAL"
AI is Not Aiding the Market, AI is Making Markets
Bloomberg terminals are still around I think.
I began in 1998, there was a dedicated room in the major investment house I was working for. Inside the printers and scanners and in the corner, a giant plastic monstrosity looking thing with this keyboard.
Michael Bloomberg's 1997 autobiography contains a chapter entitled "Computers for Virgins", which explains the differences in the design of the terminal and its keyboard from the standard IBM PC keyboard layout that was popular at that time. The terminal's keyboard layout was designed for traders and market makers who had no prior computer experience.
The look and feel of the Bloomberg keyboard are similar to an ordinary computer keyboard, with several enhancements which help users navigate through the system.
Investment companies would lease/rent (?) these things because of the bespoke content they provider; few other providers could compete. This is the success of Bloomberg. $25/30k+ per year per terminal/license.
+++it includes things like instant messaging to other investors, and importantly TRADING.
If you want to know more and SEE, here is a demo of the Bloomberg Terminal showings its various features
YET TODAY
AKIN TO THE LAW, AI HAS IS WILL OBLITERATE THIS IN FAVOR OF A MUCH LARGER SET(S) OF DATA SOURCE(S), THE SKY IS THE LIMIT.
AI isn’t just in the market—it is the market now.
Want small-cap tech stocks with solid balance sheets and high EPS growth? Just ask.
AI will scour trading histories, filings, CEO resumes, sentiment scores, news items, and macro trends before you finish that Celsius.
It digests the chaos in ways wholly new - earnings calls, tweets, geopolitical shifts - and spits out clean, tradable signals multi-configurable.
Humans? Still trying to read the Fed’s lips.
AI will run options calculations, long-short strategies, and can rebalance a portfolio (or a hundred of them) in real time, simulating entire market scenarios like it’s gaming a war room.
Yes of course Bloomberg is fast moving into the space. Yet, with so many others, Bloomberg is a 1 and its infrastructure could make its moves slower, with hundreds of upstart AI trading creators with brand new “it tools” by the week.
One such upstart is Martin Shkreli’s “Godel Terminal” which seeks to replicate in an easier Internet setup. GODEL TERMINAL
»»»»>and I have not even mentioned AUTOMATED AI AGENT TRADING which is a very rapidly growing…
The Internet severely damaged the Bloomberg Terminal. AI will finish it off. It will go the way of the “old Xerox.” Terminal.
AI is the new Trading Data Unterminal.
UPDATE (breaking today 5.6.25 xAI + Palantir + TWG Global announce MEGA AI Fin Serv project. That’s real time comms + deep data leader + deep diversified project investor = sure to remake the entire data picture in FinServ)
https://www.businesswire.com/news/home/20250506256032/en/xAI-TWG-Global-and-Palantir-Unite-to-Redefine-Financial-Services-through-Enterprise-AI