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LSEG Pays $3.5 Billion to Feed Wall Street’s AI

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LSEG Pays $3.5 Billion to Feed Wall Street’s AI

LSEG agreed to buy Octus for $3.535 billion. Octus sells specialized credit data to financial firms adding AI to their research. The deal is expected to close in the first half of 2027, subject to regulatory approval.

Summit Partners led a $40 million investment in Cognitive Credit, which supplies verified credit models to asset managers and investment banks adding AI to their research.

PYMNTS Intelligence research found that 90% to 100% of large companies said they see some AI return, but only 5% to 10% reported a full return. Faster analysis does not automatically cut costs.

Artificial intelligence is reducing the time and cost of financial research, but the data behind that research is becoming more valuable.

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Two investments announced Thursday (Oct. 22) illustrate the shift. London Stock Exchange Group (LSEG) announced that it is acquiring credit intelligence provider Octus for $3.535 billion. Cognitive Credit, a provider of corporate debt-market intelligence, received an investment of $40 million led by Summit Partners.

Both transactions reflect growing demand for specialized financial information as banks, investment firms and asset managers add AI to research and investment decisions.

AI can summarize earnings reports, compare financial statements and produce preliminary credit assessments in seconds. However, these capabilities depend on accurate, timely and detailed information.

LSEG’s acquisition of Octus expands its presence in private, illiquid and distressed credit intelligence, where investors rely on specialized information to evaluate borrowers and spot risks.


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