New solution enables customers to seamlessly
integrate complex, high-priority S&P Global datasets into
Generative AI models
NEW
YORK, Nov. 13, 2024 /PRNewswire/ -- S&P
Global (NYSE: SPGI) announced today the launch of a new solution in
open beta that enables customers to access several high-priority
S&P Global datasets for generative AI (GenAI) use cases. Kensho
LLM-ready API integrates seamlessly with large language models
(LLMs) like GPT, Gemini, or Claude, allowing customers to use
natural language to query S&P Global's tabular datasets. The
API will help engineering, product, and business teams across
financial services save significant time and resources by making
company information, financial statements, historic market data,
and global securities data a question away.
Traditionally, incorporating complex financial data into GenAI
applications requires financial institutions to conduct arduous,
time-consuming, and expensive data preprocessing, integration, and
monitoring. As a result, many firms do not have the resources to
start or maintain this process, which means they have not been able
to fully take advantage of GenAI for their use cases. With the
Kensho LLM-ready API, S&P Global has done this work already, so
customers can add S&P Global's rich, tabular data seamlessly
and reliably into their LLM-enabled applications. Business users,
such as analysts and traders, can write their queries into their
institution's chosen LLM and receive a trusted, timely answer. The
solution draws on S&P Global's financial domain expertise,
which includes a sophisticated knowledge of the needs, use cases,
and shorthand preferred by financial professionals. To support
traceability and give customer confidence in the accuracy of the
response, the solution provides the function calls or generated
code as an audit trail.
"As customers continue to integrate GenAI into their businesses,
we want to make our data more easily and immediately accessible to
the entire LLM ecosystem," said Bhavesh Dayalji, Chief AI Officer
at S&P Global. "We are providing the same high-quality, trusted
data our customers rely on, now ready for our customer's GenAI
application of choice–be it their own internal proprietary LLM or a
third-party application. We are expanding how and where customers
can discover and leverage our offerings, with a vision to be the
go-to partner for customers looking to capitalize on their
investments in AI."
Asking natural language questions of complex structured data has
historically been very difficult, due to high complexity of
business and finance datasets, including a reliance on tabular
data. As a result, without readily consumable data formats,
financial institutions that want to harness GenAI are seeing
delayed time to value. Kensho LLM-ready API, which has been used by
a select group of customers in beta since April 2024, has already helped institutions speed
up their GenAI adoption and workflows. The solution provides access
to S&P Capital IQ Financials, Compustat® Financials, and Market
Data, and partial access to Key Developments and GICRS, with plans
to make additional datasets available throughout 2025.
S&P Global is committed to getting more of its data
"AI-ready"—which means it is trusted, formatted, and accessible to
LLMs—allowing institutions to focus on leveraging AI for innovation
and decision-making, instead of data preparation. It's one of
S&P Global's many initiatives to help customers harness the
full potential of GenAI, including providing the financial industry
with robust LLM evaluation solutions through S&P AI Benchmarks
and developing sophisticated GenAI interfaces into existing
products, such as ChatAI on Platts Connect or ChatIQ in Capital IQ
Pro.
About S&P Global
S&P Global (NYSE:
SPGI) provides essential intelligence. We enable governments,
businesses and individuals with the right data, expertise and
connected technology so that they can make decisions with
conviction. From helping our customers assess new investments to
guiding them through sustainability and energy transition across
supply chains, we unlock new opportunities, solve challenges and
accelerate progress for the world.
We are widely sought after by many of the world's leading
organizations to provide credit ratings, benchmarks, analytics and
workflow solutions in the global capital, commodity and automotive
markets. With every one of our offerings, we help the world's
leading organizations plan for tomorrow, today. For more
information visit www.spglobal.com.
Media Contact:
Madeline McSherry
Head of Communications, Kensho
Office of the Chief AI Officer, S&P Global
E. madeline.mcsherry@spglobal.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/sp-global-launches-kensho-llm-ready-api-beta-making-its-structured-data-accessible-for-generative-ai-302303392.html
SOURCE S&P Global