Financial services company Moody’s has partnered with Google Cloud to create generative AI tools for financial analysis and insights.
The new partnership will allow Moody’s to bring large language models (LLMs) to its financial analytics services as well as provide Moody’s with a new, faster way to understand its raw data.
Moody’s will be able to access datasets through Google’s serverless data warehouse BigQuery. Moody’s state that this will help customers manage large amounts of data and directly pull advice from it with ease.
Alongside Google, Moody’s plans to build new LLMs which will support financial professionals to create more in-depth reports in a shorter amount of time.
Nick Reed, Moody’s chief product officer, stated that the company was in a positive position to create successful LLMs for the financial sector.
“Moody’s deep expertise in understanding financial data, disclosures, and reporting uniquely position us to anchor development of fine-tuned large language models,” he stated, “research teams at Moody’s and Google Cloud will collaborate on fine-tuned LLMs and AI applications that will enable financial service professionals to produce new, proprietary insights faster than ever before.”
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