AI in Finance: Eliminating Hallucination & Scaling Workflows w/ Daloopa CEO Thomas Li

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The Hedgineer Podcast

Michael Watson

22 episodes

2 weeks ago

The Hedgineer Podcast explores the world of finance, hedge funds and prop trading by looking at the technology that is used to build it. We interview the brightest minds in industry to discuss where they see the technology in the space going and how it is shaping the industry. For anyone building a career in the industry, trying to leverage technology to get an edge, or just curious about what this crazy world of technology in investing is like, this show is for you!

Hedgineer = Hedge Fund + Engineer

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Hedgineer = Hedge Fund + Engineer

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AI in Finance: Eliminating Hallucination & Scaling Workflows w/ Daloopa CEO Thomas Li | S2E1

The Hedgineer Podcast

1 hour 30 minutes 56 seconds

2 months ago

AI in Finance: Eliminating Hallucination & Scaling Workflows w/ Daloopa CEO Thomas Li | S2E1

Welcome back to the Hedgineer Podcast!

We're kicking off Season 2 with one of our favorite guests, Thomas Li, Co-founder and CEO of Daloopa (https://hubs.ly/Q03C7TSR0).

In this episode, we delve into the significant advancements Daloopa has made, including its groundbreaking announcement with Anthropic FIS and its integration into OpenAI. Thomas shares how Daloopa's high-quality, error-free financial data is the key to unlocking the true power of AI for financial analysts. By plugging its verified database into Large Language Models (LLMs), Daloopa is eliminating the critical problem of "hallucination," where AI generates incorrect numbers. This opens up analytical workflows that were previously impossible.

In This Episode, We Discuss:

Daloopa's core mission: A relentless focus on accuracy (over 99.9%), comprehensiveness, and speed in financial data.
The "Hallucination Problem": Why LLMs like ChatGPT and Claude often fail at financial analysis by generating wrong numbers from the internet.
Unlocking New Workflows: How AI with reliable data enables analysts to create deep research reports, summarize 150 earnings calls before the market opens, or run LBO analyses on entire portfolios instantly.
A Real-World Example: How a PM used the technology to generate a comprehensive report on the impact of tariffs across all reporting companies before the market opened—a task previously considered impossible.
The Future of Pod Shops: How AI impacts hedge fund strategy by increasing a portfolio manager's "at-bats" and "slugging".
Behind the Scenes: The story of the Daloopa and Anthropic FIS partnership, rooted in a mutual focus on data quality and solving real customer problems.
The "Conference Problem": A look into Daloopa's research on creating a true AI agent inside Excel to assist analysts in real-time during management meetings.

About Our Guest: Thomas Li is the Co-founder and CEO of Daloopa. This company has cemented itself as the highest quality data source for company-specific financials and KPIs. Daloopa is trusted by analysts at the world's leading long-short pod shops and multi-manager funds.

Hosted by Michael Watson, The Hedgineer Podcast dives into AI technology and data in the hedge fund, asset management, and prop trading space.

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YouTube: (https://www.youtube.com/@hedgineer)
LinkedIn: (https://www.linkedin.com/company/90976838)
Twitter: (https://x.com/hedgineering)
Instagram: (https://www.instagram.com/hedgineer/)

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