The London Stock Exchange Group (LSEG) and Microsoft are partnering with banks to form customised generative AI models.
In brief:
-In December 2022, Microsoft made a ten-year transformation deal with LSEG to workshop innovative new technologies across the company’s operations.
-A report by the FT explains that the partnership will see the institutions work on AI solutions that prioritise security to quell concerns around feeding confidential data into generative AI models.
-AI data has provided numerous advantages for banks with large amounts of proprietary data, and that such data would be used by other bespoke language models.
What does this mean?
AI-related products present a new business opportunity for LSEG; the company aims to expand their financial analysis capabilities to bolster value creation for their clients.
