Scott Wu - Building Cognition

**Patrick O'Shaughnessy** (0:00)
As an investor, I'm always on the lookout for tools that can truly transform the way that we work as a business. Alphasense has completely transformed the research process with cutting edge AI technology and a vast collection of top tier reliable business content. Since I started using it, it's been a game changer for my market research. I now rely on Alphasense daily to uncover insights and make smarter decisions. With the recent acquisition of Tegas, Alphasense continues to be a best in class research platform delivering even more powerful tools to help users make informed decisions faster. What truly sets Alphasense apart is its cutting edge AI. Imagine completing your research 5 to 10 times faster with search that delivers the most relevant results, helping you make high conviction decisions with confidence. Alphasense provides access to over 300 million premium documents, including company filings, earnings reports, press releases, and more from public and private companies. You can even upload and manage your own proprietary documents for seamless integration. With over 10,000 premium content sources and top broker research from firms like Goldman Sachs and Morgan Stanley, Alphasense gives you the tools to make high conviction decisions with confidence. Here's the best part. Invest Like the Best listeners can get a free trial now. Just head to alphasense.com/invest and experience firsthand how Alphasense and Tegas help you make smarter decisions faster. Trust me, once you try it, you'll see why it is an essential tool for market research.
Every investment professional knows this challenge. You love the core work of investing, but operational complexities eat up valuable time and energy. That's where Ridgeline comes in, an all-in-one operating system designed specifically for investment managers. Ridgeline has created a comprehensive cloud platform that handles everything in real time, from trading and portfolio management to compliance and client reporting. Gone are the days of juggling multiple legacy systems and spending endless quarter ends compiling reports. It's worth reaching out to Ridgeline to see what the experience can be like with a single platform. Visit ridgelineapps.com to schedule a demo and learn more about joining the thousands of investment professionals who rely on the platform. We'll hear directly from someone who's made the switch. You'll hear a short clip from my conversation with Katie Ellenberg, who heads Investment Operations and Portfolio Administration at Geneva Capital Management. Her team implemented Ridgeline in just six months, and after this episode, she'll share her full experience and the key benefits they've seen.

**Katie Ellenberg** (2:20)
We are using our previous provider for over 30 years. We had the entire suite of products, from the portfolio accounting to trade order management, reporting, the reconciliation features. I didn't think that we would ever be able to switch to anything else. Andy, our head trader, suggested that I meet with Ridgeline, and they started off right away, not by introducing their company, but who they were hiring, and that caught my attention. They were pretty much putting in place a dream team of technical experts. Then they started talking about this single source of data. I was like, what in the world? I couldn't even conceptualize that because I'm so used to all of these different systems and these different modules that sit on top of each other. I wanted to hear more about that. When I was looking at other companies, they could only solve for part of what we had and part of what we needed.
Ridgeline is the entire package and they're experts. We're no longer just a number. When we call service, they know who we are. They completely have our backs. I knew that they were not going to let us fail in this transition.

**Patrick O'Shaughnessy** (3:31)
Hello and welcome everyone. I'm Patrick O'Shaughnessy and this is Invest Like the Best. This show is an open-ended exploration of markets, ideas, stories and strategies that will help you better invest both your time and your money. Invest Like the Best is part of the Colossus family of podcasts and you can access all our podcasts including edited transcripts, show notes and other resources to keep learning at joincolossus.com.

**SPEAKER_3** (3:56)
Patrick O'Shaughnessy is the CEO of PositiveSum. All opinions expressed by Patrick and podcast guests are solely their own opinions and do not reflect the opinion of PositiveSum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of PositiveSum may maintain positions in the securities discussed in this podcast. To learn more, visit PSUMVC.

**Patrick O'Shaughnessy** (4:25)
My guest today is Scott Wu. Scott is the co-founder and CEO of Cognition, which is an applied AI lab that has created the first AI software engineer, which they call Devin. In just a year since founding Cognition, Devin functions at the level of a junior software engineer. Capable of handling complete engineering workflows from bug fixing to submitting poll requests. Scott is a former competitive programming champion, and he describes the engineering field as simply the art of telling a computer what you want it to do. Scott predicts AI will surpass the world's best competitive programmer within one to two years, and sees this technology not as replacing programmers, but as democratizing software creation. We discussed the bottleneck in software development, the future of AI in various industries, and the challenges of leveling up Devin. The implication of Scott's work and Devin itself is enormous. Please enjoy My Great Conversation with Scott Wu.