Press coverage

Featured in Bloomberg, The Wall Street Journal, Forbes, CNBC, Financial Times and other leading financial publications.

Buyside AI Reviews·Jan 1, 2026

Hudson Labs - Review #1

"HL's main value proposition is handling high-precision finance tasks where hallucination and accuracy errors can be very costly." "For context, as of December 23, 2025, GPT-5.2, GPT-5.1, and Opus 4.5 score in the ~53–57% range on finance-specific accuracy tasks, according to the Vals AI benchmark. That level of error remains a major obstacle for institutional investment research—reinforcing the importance of finance-specific retrieval and verification." "I found the accuracy of data and information retrieval to be high. Checking accuracy versus underlying documents was made easier with well-designed citation features." "It's easy to see the efficiency gains here—rather than locating a specific sentence in 20 different press releases and manually compiling a table, I can pull all of these data points in a few seconds."

By Buyside AI Reviews

·Dec 24, 2025

AI Construction Costs Can Be an Accounting ‘Black Box’

The construction-in-progress account, which is immune to depreciation, holds all the costs for a fixed asset until it is ready for use. Companies then move the individual costs to building, machinery or another specific PPE category. ... Construction in progress collectively totaled about $214.5 billion this year for public companies with at least a $2 billion market capitalization that referenced AI infrastructure in their filings, according to investment research software provider Hudson Labs. Companies tend to count AI chips in the construction-in-progress amount because they often buy graphic processing units, or GPUs, during a data center's construction.

By Mark Maurer

·Sep 22, 2025

KPMG’s Work for Silicon Valley Bank Exposes Audit Limits

The PCAOB pressed bank auditors on their response to shifting market conditions and found that some didn’t reconsider risk evaluations or going concerning assessments, the regulator said in its own a review following the bank failures. The report released in September 2024 didn’t specify which firms were included in the review. In the case of Silicon Valley Bank, the institution detailed its risks in its annual filing with regulators, said Kris Bennatti, CEO of investment research platform Hudson Labs. The role of auditors is to ensure that corporate accounting is reliable, she said, pointing to the requirements that auditors ensure reports detailing revenue and assets are free of significant misstatements because of an error or fraud.

By Amanda Iacone

The Capitol Forum·March 31, 2025

Bancorp: Missed Deadline to File a Replacement Annual Report Raises More Red Flags, Experts Say

The withdrawal of Bancorp’s 2024 report is part of a larger pattern–the company has a history of having to restate financials, according to analytics firm Hudson Labs. “The company restated its financial statements for the years ended December 31, 2010, through December 31, 2013, and the interim periods in 2014 that ended March 31, June 30, and September 30,” Hudson Labs has said. The SEC issued a subpoena to the company on March 22, 2016 related to the reinstatements.

By Lisa Epstein

·November 7, 2024

How Hudson Labs uncovered red flags at Super Micro years before its auditor stepped down

Financial AI platform Hudson Labs first flagged risks at $SMCI in 2022 and again in January 2024. Our CEO Kris Bennatti discussed how the software detects risks and what it found out about the company.

By CNBC's Fast Money

·September 12, 2024

Auditor-Hopping Is Rare, but 13 Small Companies Defy the Trend

High auditor turnover correlates with other financial reporting red flags, Hudson Labs CEO Kris Bennatti said. Take electric vehicle company Ideanomics Inc., which was previously an artificial intelligence startup, a fintech and a video-on-demand outfit. The company churned through five auditors - including BF Borgers - since 2014, but analysts had long noted cash flow problems.

By Nicole M. White

·Aug 30, 2024

AI Spotted Super Micro Risks Two Years Before Filing Fiasco

Super Micro Computer (SMCI) shares nosedived 20% Wednesday on news of its missed 10-K filing and a scathing report by short firm Hindenburg Research alleging related-party accounting manipulation. The real story is that AI detected escalating financial reporting risk signals again by 2022 — all of which were permitted to ‘hide in plain view.’ One of the many valuable routine screens identifies related party disclosures placed SMCI in the top 100 companies with highest risk. Hudson Labs found ‘related party risk isn’t the only red flag at SMCI.’ Super Micro’s forensic risk score has been elevated since 2019. Hudson Labs showed existing AI advancements can readily accelerate financial risk signal detection.

By Noah Barsky

·Aug 2, 2024

Not Enough Accountants? The CFO’s Tenure Might Get a Little Shakier

Nearly 640 U.S.-listed companies cited insufficient accounting personnel for a material weakness during a 12-month period through June, up 1% over an average of the previous three years, according to Hudson Labs, an investment research software company previously known as Bedrock AI. Of those companies, roughly 180, or 28%, replaced their CFO at least once in the 12 months through June, the Hudson Labs data showed. In contrast, of more than 5,900 U.S.-listed companies with no material weakness in that period, around 1,300, or 22%, had any CFO turnover.

By Mark Maurer

Waters Technology·May 30, 2024

Heavy lifting: Why using AI for data extraction is still no easy task

“It’s so easy to go from zero to 80% with almost no effort using a generative model, but people don’t realize it’s not easy to overcome the 80% hurdle and get to a place where you can use it in an enterprise context,” says Kris Bennatti, CEO of Hudson Labs (formerly Bedrock AI), which focuses on helping firms get LLMs to function in capital markets environments. “We’ll see teams get excited about AI, rely on GenAI, and make a RAG (retrieval automated generation, which is used to optimize the output of LLMs), then they find they can’t get to 100%, so they decide AI doesn’t work and shouldn’t be implemented-and that’s the wrong conclusion,” Bennatti says.

By Max Bowie

·December 11, 2023

Hudson Labs Solves Finance AI Data Overload Puzzle

Equity research provides an ideal setting to examine those challenges. Last year, the SEC received nearly 800,000 regulatory filings. That translates into millions of pages, billions of words and countless figures for analysts’ perusal and dissection. To address that growing market need, Hudson Labs (formerly known as Bedrock AI), founded in 2019, developed innovative software powered by finance-specific large-language models (LLMs) to automate equity research workflows and extract actionable insights. The firm now serves a client list with over $600 billion in assets under management, including large financial institutions and funds.

By Noah Barsky

·December 27, 2023

SPAC Mania’s Ugly End Yields $46 Billion of Investor Losses

SPAC companies were also more likely than their corporate peers to raise doubts about their future, according to Hudson Labs, an investment research software firm that analyzes regulatory filings. Nearly 44% of SPAC companies that filed annual reports in 2023 have reported going-concern warnings compared to roughly 22% of non-SPAC companies, Hudson Labs said.

By Jonathan Randles and Amelia Pollard

·October 16, 2023

Rite Aid Didn’t Flag Going Concern Risk Before Bankruptcy Filing

Rite Aid in its May 7 10-K highlighted the company’s “substantial indebtedness and limited cash flow,” which signals there were tough conversations going on within management and potentially with the auditors, said Kris Bennatti, CEO of Bedrock AI...

By Nicola M. White

·August 23, 2023

Why Boards Need To Invest In Finance AI’s Success

Research firm Bedrock AI astonishingly found that almost 600 U.S.-listed companies disclosed material internal control weaknesses arising from accounting and IT personnel needs. The deficiencies are likely far more pervasive and pernicious than the self-reports.

By Noah Barsky

·August 10, 2023

WeWork SPAC Meltdown Adds to Co-Working Company’s Litany of Woes

WeWork joins the 127 de-SPACs — which are companies that merged with a blank check firm — to flag questions about their own viability as going concerns this year, a signal they could go out of business. That’s according to Bedrock AI, an investment research company that scours regulatory documents. The firm says the percentage of de-SPACs raising concerns over the past four years was nearly double those that went public via more traditional vehicles.

By Bailey Lipschultz

·July 11, 2023

The Accountant Shortage Is Showing Up in Financial Statements

Nearly 600 U.S.-listed companies of a total 7,359 reported material weaknesses related to personnel, typically in accounting or information technology, this year through June, down 5.2% from the prior-year period, but up 40.6% from the 2019 period, according to a review of filings by research firm Bedrock AI.

By Mark Maurer

·May 23, 2023

Companies Unveil Details About Supply-Chain Financing Under New Rule

Among the companies that made their first disclosures of supply-chain-finance data in the latest quarter, according to a review of filings by Bedrock AI, were paint maker PPG Industries, Dutch chemical company LyondellBasell Industries, electric-services firm Fluence Energy and pharmaceutical company Viatris.

By Mark Maurer

·May 10, 2023

How AI Enables Equity Research

Kris Bennatti, CEO and founder of Bedrock AI, joins BNN Bloomberg to discuss how hedge funds use AI to detect internal errors, how Credit Suisse and Coinbase were flashing red flags, and what companies are showing errors internally, now.

By Amber Kanwar

·May 4, 2023

Big Tech Expects Some Assets to Last Longer. But the Boost to Profit Is Temporary

A growing number of tech companies expect their servers and network equipment to last longer, an accounting change that reflects the slower pace of developments in certain chips while also boosting profits at a difficult time for the industry...“You’re going to see a boost in net income in current quarters that isn’t a sustainable growth mechanism,” said Kris Bennatti, chief executive at investment research firm Bedrock AI, referring to quarter-over-quarter comparisons of companies’ financial information.

By Mark Maurer

·May 4, 2023

More firms drop LIFO amid inflation, low taxes

Accounting matters. Case in point: Dozens of companies have switched from a last-in, first-out, method, or LIFO, to the more common approach of first-in, first-out, or FIFO, model of accounting for their inventory amid high inflation that could affect the appearance of the bottom line in financial reporting, according to research from investment research software company Bedrock AI.

By Steven I. Weiss

·March 23, 2023

Inflation Has More U.S. Companies Ditching ‘Last-In, First-Out’ Accounting

About 30 U.S. companies total in 2021 and 2022 switched their inventory accounting method to FIFO from LIFO, according to a review of public filings from investment research firm Bedrock AI. That is up from a combined 13 companies in 2019 and 2020, when inflation was less of a concern. No companies have switched to LIFO from FIFO since 2019, Bedrock AI found.

By Mark Maurer

·December 7, 2022

Accounting Red Flags Are Common Among Public Crypto Companies

A look at 19 of the publicly traded crypto miners showed that 16 disclosed significant internal-control weaknesses in the past four years, some of which were “alarming,” according to Bedrock AI, which makes software that analyzes financial filings.

By Ben Foldy and Jean Eaglesham

·December 6, 2022

Spacs confess to accounting weaknesses as year-end audits loom

“A lot of people were caught up in the glow of, ‘Hey I can go public now, it’s a bull market, everyone’s really excited about my company and my vision’,” said Kris Bennatti, a former auditor who now runs the investment research firm Bedrock AI. “The glow is gone. Reality has come to bite us.”

By Stephen Foley

·October 5, 2022

Why More Than 40% of Ex-SPACs Are Running Out of Cash

Bedrock AI, an investment research company that scours regulatory documents, pored through filings issued by hundreds of de-SPACs — which are SPACs, or blank-check firms, that found companies to merge with — and determined that more than 40% of them flagged questions about their own viability as going concerns, signaling a risk they could go out of business. (A few of them have since filed for bankruptcy.)

By Bailey Lipschultz

·July 14, 2021

Short Sellers and Hedge Funds Sign On to Fintech Company Whose Algos Sniff Out Corporate Fraud

“What we do is find impactful information in Securities and Exchange Commission filings that our models have learned are associated with downside outcomes specifically earnings quality risk, governance risk, and malfeasance,” Kris Bennatti, a CPA and programmer who founded the company, told Institutional Investor.

By Michelle Celarier