Finance techie says cloned Bloomberg's $30k/year Terminal with Perplexity (www.tomshardware.com)

Perplexity has made waves in the finance tech world by enabling a developer to create a clone of Bloomberg's $30,000/year Terminal in just one afternoon using its new product, Perplexity Computer. This tool leverages multi-model and multi-agent capabilities for both research and executing complex tasks autonomously. The creator, who showcased their project on social media, claims that this achievement puts Perplexity in direct competition with Bloomberg, a major player in financial services that generates about 85% of its $12 billion revenue from its robust data terminal. While the demonstration is impressive, it highlights significant limitations. The clone primarily relies on data aggregated from Perplexity Finance, which may not supply truly real-time information, casting doubt on the clone's utility in high-stakes trading environments where milliseconds matter. Additionally, the Bloomberg Terminal offers a wealth of features, including over 30,000 command functions and direct access to extensive financial data, communication tools, and market order capabilities developed over four decades. Despite the accessibility that Perplexity highlights, experts caution against overstating the clone's effectiveness compared to Bloomberg's comprehensive offering, emphasizing that while this development represents progress towards democratizing financial analysis, it lacks the depth and speed of true professional-grade tools.