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AI search wars heat up: Genspark adds Claude-powered financial reports on demand
- MainFunc, a Microsoft, Google and Baidu alumni startup, has launched Genspark, an AI search engine that is powered by Distill Web, a tool by Anthropic that generates financial reports for over 300,000 public companies.
- Genspark.ai aims to redefine how users interact with data and turn complex financial data into visual, easy-to-use formats for everyday users who want to understand financial performance data of public companies.
- Distill Web powered tool offers Corporate Earnings Visual Reports that turn intricate company earnings into flowing diagrams, highlighting revenue streams, costs and profit margins.
- Genspark also offers free Financial Data Packs that can provide visual analysis of company income statements enabling users to track revenue, expenses and profits.
- MainFunc evaluated large language models to comb through financial data and generate accurate charts and graphs and found Anthropic's Claude family best suited for financial data analysis.
- Genspark implements rigorous validation measures to ensure the data accuracy and sets itself apart from problematic AI search engines, by creating data platforms on combining AI-generated insights and traditional coding techniques.
- Distill Web tool also offers an All-in-One Company Dashboard that consolidates key financial metrics for over 70,000 companies and an AI-powered Financial Copilot that answers customized questions such as comparisons with competitors or identifying growth drivers.
- MainFunc plans to expand its offerings and introduce new features to Genspark search and launch a new data search agent soon to autonomously collect accurate data from various sources.
- Genspark has already gained more than 1 million monthly users in four months through word-of-mouth and looking ahead MainFunc plans to transform data accessibility for non-expert users.
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