Facteus, a prominent player in the alternative data industry, has made a significant announcement regarding the availability of its extensive consumer spending dataset for AI startups. This dataset, which tracks over $3.1 trillion in consumer spending, is set to serve as a valuable resource for emerging AI companies looking to leverage non-public data to train cutting-edge AI models.
The company, known for its expertise in providing consumer transaction data insights, is keen on supporting the growth and development of the next generation of AI-driven solutions. With the increasing demand for high-quality, non-public data to fuel AI innovations, Facteus believes that its comprehensive transaction dataset can play a crucial role in advancing the FinTech industry.
Jonathan Chin, Co-Founder at Facteus, expressed the team’s confidence in the transformative potential of consumer spending data for driving innovation in AI. By offering one of the largest consumer spending datasets commercially available, Facteus aims to empower AI startups with real-time, at-scale consumer spending behaviors, enabling them to deliver impactful solutions to their customers.
Recently, Facteus has formalized partnerships with several AI companies, marking a significant step in the collaboration between big data and artificial intelligence. These partnerships, with a total contract deal size of approximately $30 million, highlight the growing recognition of the value of consumer transaction data in the AI space.
Tech startups and members of the VC community are encouraged to explore the possibilities offered by Facteus’ data and reach out for more information. By leveraging their advanced technologies and AI-driven platform, Facteus continues to deliver actionable insights derived from alternative data sources, helping clients make data-driven decisions and stay ahead of the competition.
For more information about Facteus and its consumer spending dataset, visit their official website at www.facteus.com.
