Moneyneversleeps

This week we welcome back Andrew Mullaney, CTO of Premind AI, sharing his story on the last 2+ years of building Premind, streaming 57,000 stock prices into a million news stories a day, the impact of high-speed information flow on age-old market theory, the differences between his last startup NewsWhip and Premind AI, surviving in the startup desert…and still trying to be relatively innocuous! MoneyNeverSleeps is sponsored by PAT Fintech, the training partner that demystifies fintech and digital finance for financial services professionals. Premind AI is an Ireland-based deeptech venture providing institutional investors the 'edge' through anticipating market reactions to news events. HIGHLIGHTS: On the scale of data that the Premind AI ‘machine’ is processing: “We stream through one million articles a day, and we can burst 20-30 articles per second with each article averaging 500 words. So, we have 10,000 words per second coming through. We monitor 57,000 stocks, and each one has 20 descriptive words, so th