AlphaSense vs. Bloomberg

Generative Search, now with Deep Research capabilities, transforms how users can extract insights from our vast library of premium content sources. Generative Search is trained to think like an analyst, so it understands the market research intent behind your natural language queries.

When searching for insights, Generative Search helps you get up to speed on a company or topic by instantly surfacing the answers you need. You can dig deeper into topics by asking follow-up questions or choosing a suggested query. Each answer provides citations to the exact snippet of text from where the information was sourced, so that it can always be referenced back.

Bloomberg does not have a customer-facing generative AI chat feature.

Generative Grid applies multiple genAI prompts across many documents at the same time to quickly provide organized answers to research questions at scale, in an easy-to-read table format. This enables users to summarize documents using pre-built criteria to save time when executing repeatable workflows.

Generative Grid pulls data from both premium external documents in the AlphaSense platform and users’ internal content. From there, users can choose pre-built templates or create their own to automate routine workflows. Each summary provides a direct citation to the source material it was pulled from.

Users can leverage this tool to track earnings transcripts, compare competitors at a glance, parse through deal rooms in seconds, track macro event impacts, or analyze merger proxy filings, among many use cases.

Bloomberg does not have any similar capabilities.

With AlphaSense Smart Summaries, you can glean instant earnings insights — reducing time spent on research during earnings season, quickly capture company outlook, and generate an expert-approved SWOT analysis straight from former competitors, partners, and employees.

Meanwhile, Bloomberg has more limited generative AI summarization capabilities, only applicable to earnings call transcripts and news.

While Bloomberg Terminal has a synonym library, it requires users to eliminate false positives and noise from their query manually, spending limited time and energy on something AI can do automatically. The AlphaSense Smart Synonyms technology enables you to access every relevant source and insight in a single search, while filtering out search results that contain synonyms that are irrelevant to your search.

While Bloomberg requires users to manually apply the synonym finder, AlphaSense’s Smart Synonyms functionality turns on automatically, and it assesses the entire phrase as well as each individual word. Bloomberg synonym recognition is only able to assess the phrase, which leads to missing key results.

By design, the AlphaSense model excludes noisy terms, evaluates the context in which the term is discussed, considers the proximity of terms, and understands the intent of user queries to surface accurate & relevant results that mitigate manual lift and the risk of missing information.

When conducting research or analysis on a particular topic or company, it is important to understand the frequency of and context in which the search term appears across content sources in a given time period. With Bloomberg Terminal, you might get thousands of search results for your query, but there is no way to quickly see patterns or to understand how the results have shifted over time.

With AlphaSense, however, each user search generates a document trend analysis — a visualization of how often a keyword, company, or topic is being mentioned across content sources on the platform over a given time period.

It’s a simple but powerful way to understand when trends are accelerating or waning and evaluate their relevance over time. Document trend analyses can also be sorted by content type for a more detailed understanding of how a topic is being discussed, and by whom.

Bloomberg’s research solution started out as a physical terminal, and the modern-day interface poses a steep learning curve for new users, as it is not particularly user-friendly or intuitive. Additionally, many users have to share access to the terminal, which requires them to take turns using it because the tool is housed on a particular computer.

In contrast, the AlphaSense platform is accessed through the cloud, making it easy to collaborate and work in various locations. That’s why AlphaSense has consistently been rated highly for its seamless UX interface, intuitive features, and fast learning curve — easily accessible for all users any time, from any device.

The power of a research tool like AlphaSense or Bloomberg lies in its ability to integrate with your larger systems and processes. AlphaSense provides easy integration with commonly-used programs that Bloomberg does not — including OneNote, Sharepoint, and Evernote.

Integrations are key in improving your team’s workflow in a secure and automated way, and AlphaSense Integrations are powered by AI and help capture what others easily miss. With integrations, you can easily search across all internal and external content to find key insights, as well as collaborate with team members to share those insights and amplify team productivity.

Financial services firms use AlphaSense to make investment decisions with speed, accuracy, and confidence.

With access to exclusive content resources (such as broker research and company call transcripts), AlphaSense users have an insider perspective on competitors and market trends — meaning they stay ahead of the pack when it comes to smart investment strategies.

High-value investment research applications include:

• Asset Management - Pinpoint critical company metrics by analyzing earnings reports.
• Alpha Generation- Find and capitalize on opportunities faster with AI.
• Equity Research - Accelerate due diligence with Smart Search and trend analysis.
• Venture Capital Auditing - Aggregate financial metrics across public and private competitors to validate target companies.
• Sell-side Research- Accelerate earnings and company analysis by recognizing sentiment shifts and important market events earlier.

“I look for niche topics (i.e. ‘turkey refrigerator and penetration’). For that example, AlphaSense pulled 8 results that Bloomberg missed. I love the speed and accuracy, plus it’s greater for idea generation.”

— Portfolio Manager, Major European Institutional Asset Manager

Wall Street Research, once considered exclusive to the financial services industry, is now used by corporations to plan and execute smart market intelligence strategies that give them an edge over competitors.

Corporations maximize revenue potential AlphaSense through:

• Strategic Planning – Identify growth opportunities with insight from top analysts.
• Competitive Intelligence – Maintain a clear understanding of the competitive landscape and monitor specific competitor performance as needed.
• Trend Tracking – Stay ahead of emerging trends to capitalize on revenue opportunities.
• Market Monitoring – Confidently navigate market shifts by being first to know about important news and updates.

"AlphaSense’s intuitive search platform makes it easy to search across voluminous data sources and does so in a readily adaptable form, tailored to any project."

— Director of Business Development

Earnings season has always been demanding, and advancements in technology have leveled up expectations for speed, accuracy, and real-time insight. IR teams use AlphaSense to keep pace with industry demands, all while delivering exceptional reports to stakeholders and executives.

AlphaSense helps IR teams to:

• Maintain Continuity- Easily access and scan previous earnings call transcripts and other company documents to maintain consistent narratives quarter over quarter.
• Monitor Sentiment Shifts- Recognize significant sentiment changes when they occur and frame them in the most effective way to stakeholders.
• Track Trends- Monitor market trends and understand how they impact your business.
• Prepare for Presentations and Earnings Calls- Never miss an important insight and be prepared for every potential stakeholder question.

“The time saved by using AlphaSense is enormous. It easily saves us several hours a week. Requested information can be prepared in a timely, precise and efficient manner. For our daily work, this is essential.”

— Michael Otto, Director of Investor Relations and Sustainability

There’s no doubt that Bloomberg offers an extensive set of features — but it’s also one of the most expensive options on the market, priced at about $30,000 annually per user, according to Investopedia. Additionally, the Bloomberg offering is highly bundled, which means you could be paying for features you don’t need or aren’t using.

As an AlphaSense user, you get access to smarter features and a more comprehensive, diverse content library at a more reasonable, affordable price (since you pay by seat or by enterprise). Contact us for more information on pricing options.