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AI search wars heat up: Genspark adds Claude-powered financial reports on demand

Nov 14, 2024 - venturebeat.com
MainFunc, a startup founded by Microsoft, Google, and Baidu alumni, has partnered with AI model maker Anthropic to launch "Distill Web" for its AI search engine, Genspark. The tool, which was launched earlier this week, makes financial reports more understandable and accessible by generating readable, engaging financial reports on the earnings of over 300,000 public companies, complete with colorful graphics and charts. The startup, which raised $60 million in a seed round led by Singapore-based Lanchi Ventures, aims to redefine how users interact with data.

The company's CEO, Eric Jing, said that the target audience for Distill Web is not financial professionals, but everyday users who want to understand financial data from public companies. The platform currently provides over 300,000 visual reports, with more added monthly, and also offers free Financial Data Packs. MainFunc plans to continue expanding its offerings and introducing new features to Genspark search, including a new data search agent that will autonomously collect accurate data from various sources.

Key takeaways:

  • MainFunc, a startup founded by Microsoft, Google, and Baidu alumni, has launched a tool called 'Distill Web' for its AI search engine Genspark, designed to make financial reports more understandable and accessible.
  • The tool allows users to look up over 300,000 public companies and generate readable, engaging financial reports on their earnings, complete with colorful graphics and charts.
  • MainFunc has partnered with AI model maker Anthropic to ensure the accuracy and trustworthiness of the financial data provided by Distill Web.
  • MainFunc plans to continue expanding its offerings and introducing new features to Genspark search, including a new data search agent that will autonomously collect accurate data from various sources.
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