Recorded Future is financed with $8 million from the likes of Google’s venture arm and In-Q-Tel, which makes investments to benefit the United States intelligence community, and its clients have included government agencies and banks. Its products include a $9,000-a-month service for hedge funds that plugs Recorded Future’s insights into their trading networks.
There are both direct and indirect insights. Expected news, like a meeting or filing, can create volatility in stock prices. Recorded Future predicts five days ahead of time. Insider selling of shares, correlated with expected layoffs or corporate restructuring, tends to suggest a 2 percent decline over the value of a stock in the following 30 days. One intelligence agency has requested that the company identify stories in the China Daily newspaper that are significantly longer in their Chinese version, compared to the English ones, on the assumption that the one for the domestic audience is offering more detail and nuance for a reason.
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