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Fidelity Investments is suddenly fending off a fresh wave of AI suitors for its vast recordkeeping data trove, knowing it's like owning a lithium mine in 2000 -- and not knowing how clients, the SEC and others might see a sale

With 42 million customers and the nation's largest record-keeping business, Fidelity is sitting on oodles of now in-demand client data; so far, it's rejecting every bidder.

Author Oisin Breen July 28, 2023 at 9:38 PM
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Mihir Shah: The differentiation will be in combining first-party data with public data.
Brooke Southall and Keith Girard contributed to the editing of this article.

Fidelity Investments

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Vise

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Mihir Shah

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Ari Sonneberg

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Runik Mehrotra



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