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Wall Street-focused AI startup acquired for $550 million

Illustration: Caresse Haaser, Rebecca Zisser / Axios

S&P Global has agreed to acquire Kensho, a Cambridge, Mass.-based provider of AI-powered analytics for traders, for around $550 million in cash and stock.

Why it matters: This appears to be the largest-ever purchase of an AI startup, topping Google's 2014 deal for DeepMind.