Millennium Builds AI Lab in Push for Cutting-Edge Products
THE SO WHAT
A multi-billion-dollar hedge fund building an internal AI lab is another data point that ‘AI strategy’ in finance is shifting from vendor selection to in-house R&D. If you’re in a data-rich, high-margin vertical and still treating AI as a tooling layer, expect competitors to start compounding proprietary models and infra you can’t buy off the shelf.
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