S&P Global: A Strong Buy Amidst AI Disruption ConcernsWe recently held a call with an executive at a fintech AI company who was the former principal data scientist at Visible Alpha, discussing the potential impacts from AI on Financial Market Data providers. The expert expects disruption ahead, but thinks it will take time to play out. Potentially existential threat, but will take a long time to play out. The expert believes that the terminal businesses of the traditional financial data providers (FDS, S&P, Bloomberg, Refinitiv) will likely be put under pressure from LLM offerings over time, though expects it to play out over a long period. There is meaningful entrenchment in the financials space and it takes a long time for new tools to gain broad adoption. Further, LLM tools have to continue to evolve and refine in order to be adopted by the buy-side.