Risk measurement agency Moody’s has partnered with Microsoft and OpenAI to create an artificial intelligence (AI) assistant capable of analyzing a large amount of information to perform credit risk assessmentsThe companies announced this Thursday.
Rob Fauber, Chairman and CEO of Moody’s Corporation, noted that in a world of “exponential risk, Generative AI represents a unique opportunity to bring together risk domains and help organizations adapt and progress.”
By combining Microsoft’s innovative Azure OpenAI service with our wealth of data, analytics, and research, we gain new products and holistic insights for clients,” Fauber said in a Moody’s statement.
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We will integrate these powerful capabilities into our organization and incorporate them into our range of products and solutions, in order to provide customers with information on demand and help them identify, manage and mitigate risk more effectively, ”he details.
It is now available to all employees of the risk measurement agency Moody’s CoPilota tool that combines proprietary data, analytics, and research with large linguistic models (LLMs) and generative AI technology from Microsoft, “to drive innovation across the business and improve employee productivity in a safe and secure digital environment ”.
Following the popularity of OpenAI’s AI chatbot, ChatGPT, last November, Microsoft made a “billion-dollar” investment in the startup, and in February the tech giant announced its AI chatbot, Bing, which it is powered by OpenAI technology.
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