By Johnny Rice, Michigan
The world is a rapidly changing place. New technologies emerge and utterly disrupt what came before, ushering the global economy into a new paradigm. Recently, Artificial Intelligence (AI) appears poised to do just that.
OpenAI’s pioneering large language model (LLM), ChatGPT, has captured the nation’s imagination and spawned competitors from massive tech companies like Microsoft Corporation (NASDAQ: MSFT) and Alphabet Inc (NASDAQ: GOOGL).
Like most technology, ChatGPT performs best through connectivity. The more quality connections and data it can pull from, the better the outcomes. That is why they are partnering with trusted companies, each a leader in their respective fields – to interface with ChatGPT. Their partners include the likes of AirBNB, Inc (NASDAQ: ABNB) and Stripe, Inc.
One of these companies is FiscalNote Holdings Inc. (NYSE: NOTE), a leading AI-driven enterprise SaaS technology provider of global policy and market intelligence. The company has been a long time trusted partner for many, helping their clients access and make sense of actionable data from around the world.
With this partnership, FiscalNote will connect to the ChatGPT platform, and be the sole provider of data sets relating to the company’s area of expertise – global policy and market information. This is set to help and allow users of the chatbot to have naturalistic conversations that will shed light on global issues happening in real-time.
This was big news for FiscalNote. Its stock is up 75% on the day.
“Since we founded FiscalNote a decade ago, the company has been an early adopter and pioneer of AI, uniquely applying it to the political and legal domain, and building a specialized expertise that has made us the unparalleled leader in this space,” said FiscalNote Chairman, CEO, and Co-founder Tim Hwang. “We’re excited to collaborate with OpenAI and, as the market leader in legal and regulatory intelligence, we intend to continue to always be at the forefront as technological capabilities continue to advance. We believe this is the beginning of an innovative collaboration with a fellow AI pioneer, and we intend to continue to push the bounds of what is possible as we use this cutting-edge technology to deliver results for our global customers and advance their business objectives.”
Dr. Vlad Eidelman, Chief Scientist and Chief Technology Officer, added, “We see the huge potential for incorporating generative AI in aspects of how political and regulatory analysis is consumed, and we’re excited about this special opportunity to power new types of interactions with our political data.”
To learn more check out https://fiscalnote.com/ and https://fiscalnote.ai.
This article was originally published on Benzinga here.
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