(NEW YORK)–S&P Global recent acquisition signals bullish outlook for companies, like Vectorspace AI, who offer data products for financial markets.
S&P Global (NYSE: SPGI) recently agreed to buy IHS Markit (NYSE: INFO) in deal worth $44 billion to create a heavyweight in the competitive market of financial information and data.
The deal is 2020′s biggest merger, and creates a heavyweight in the increasingly competitive market of financial information.
IHS Markit was formed in 2016, and provides a range of pricing and reference data for financial assets and derivatives.
So, why is this important to Vectorspace AI?
This deal highlights the growing importance of big data in financial markets, and the desire to acquire data related companies to enhance trading performance and returns.
Vectorspace AI smart token (VXV) is used to design, build, distribute and transact datasets for the traditional markets to predict hidden relationships between equities and global events. Applications include thematic investing and smart basket generation and visualization.
For funds these days returns and performance mean EVERYTHING! This means if you’re in the traditional markets and you’re looking for an edge, or increase in precision, accuracy, P&L, Sortino or Sharpe ratio, you’re going to need VXV.
What does this mean for VXV token demand?
As a traditional market player, if you’re utilizing VXV datasets in trading, and portfolio performance, you’ll also be interested in taking a long term position in VXV as a fund, prop desk, or institutional trading desk.
What could be the price outlook for VXV?
VXV only has around 29 million tokens in circulation, and at $0.20 USDT equates to a $6 million market cap.
Based on potential demand for data set companies within financial markets, and such low float circulation, Ludlow Research recently placed a speculative short-term target on VXV of $0.50+, which would still only reflect a $15 million cap valuation.
When compared that to market of other AI token players such as SingularityNET at $52 million, and VeChainat $1 billion, the upside for VXV looks much higher long-term.
You take in IHS Market being acquired for $44 billion, and growing demand for data driven financial products, VXV could be on the cusp for major surge into 2021.
About Vectorspace AI:
Vectorspace AI is revenue positive with current customers, partners and collaborators including CERN, S&P Global, Amazon, Microsoft and Elastic. Current competitors include Palantir, Google and SAS.
Vectorspace AI science and technology originated in Life Sciences and currently focuses on context-controlled NLP/NLU (Natural Language Processing/Understanding) and feature engineering for hidden relationship detection in data for the purpose of powering advanced approaches in Artificial Intelligence (AI) and Machine Learning (ML). Our platform powers research groups, data vendors, funds and institutions by generating on-demand NLP/NLU correlation matrix datasets. We are particularly interested in how we can engineer machines to trade information with one another or exchange and transact data in a way that minimizes a selected loss function. Our objective is to enable any group analyzing data to save time by testing a hypothesis or running experiments with higher throughput. This can increase the speed of innovation, novel scientific breakthroughs and discoveries. Vectorspace AI offers NLP/NLU services and alternative datasets consisting of correlation matrices, context-controlled sentiment scoring and other automatically engineered feature attributes. These services are available utilizing the VXV token and VXV wallet-enabled API. Vectorspace AI is a spin-off from Lawrence Berkeley National Laboratory (LBNL) and the U.S. Dept. of Energy (DOE). The team holds patents in the area of hidden relationship discovery. https://vectorspace.ai/
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