MSCI Inc., a leading provider of critical decision support tools and services for the global investment industry, announced it has expanded its partnership with Google Cloud to accelerate the development of generative AI (GenAI) solutions for the investment industry. Powered by Google Cloud’s Vertex AI generative AI platform and climate technology concepts including BigQuery Geospatial and Earth Engine, the solutions will help MSCI customers better manage portfolio risks and opportunities and make informed decisions .
The partnership focuses on three main areas:
- Risk Signals: MSCI will combine its proprietary data and analytics with Google Cloud’s generative AI solutions to provide a view of portfolio and enterprise-level risk and the time it takes clients to analyze and actionable insights , to shorten considerably. This solution will help portfolio and risk managers to more easily synthesize and rapidly act on significant data sets of risk signals from their portfolios, while also promoting greater collaboration between risk and portfolio management teams to create more resilient portfolios.
- Conversational AI: Google Cloud’s generative AI will also power MSCI’s new Conversational AI solution for its portfolio and risk management solutions. This capability will also leverage natural language processing to emulate human language and generate responses that enable clients to quickly answer questions and substantiate information about their portfolios and MSCI data, models and solutions.
- Climate Generative AI: MSCI and Google Cloud will work together to deploy Google’s generative AI technologies to help investors quantify and manage portfolio exposure to climate risks and identify investment opportunities in low-carbon technologies.
“The AI revolution has raised expectations from companies and investors who want faster access to higher-quality data, analytics and actionable insights ,” said Henry Fernandez, Chairman and CEO of MSCI. “Expanding our partnership with Google Cloud will help MSCI meet this need while staying at the forefront of cutting-edge data technologies. Additionally, this will help provide new solutions for investors committed to decarbonizing their portfolios.”
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“The investment industry has long been fueled by AI and machine learning, which MSCI has leveraged for years. However, advances in Generative AI have revolutionized our industry,” added Jigar Thakkar, Chief Technology Officer at MSCI. “We are excited to partner with Google Cloud to accelerate the development of generative AI solutions aimed at providing investors with deeper data-driven insights, enhanced decision-making capabilities and accelerated portfolio execution. The power of generative AI and LLMs (Large Language Model) enables us to deliver on our commitment to helping investors build better portfolios with more accurate insights.”
“Generative AI is driving the evolution of financial services as investment professionals seek better and faster ways to monitor portfolios, create new insights and accelerate decision-making,” said Thomas Kurian, CEO of Google Cloud. “Our partnership with MSCI to create generative AI-based solutions will not only help risk and portfolio management teams collaborate better and unlock insights, but will also enable MSCI clients to build more climate-resilient portfolios to create.”
SOURCE: Businesswire