Deutsche Börse ‘cannot afford’ to miss out on generative AI; SimCorp deal on schedule

The exchange group wants to be at the forefront of the emerging technology field and has extended its partnership with Google into AI.

Credit: Deutsche Börse Group's corporate headquarters "The Cube" in Eschborn

Big Tech players are betting big on and continuing to develop their large language model (LLM) capabilities, a subset of generative AI.

In the capital markets, the initial reaction to the technology and its applicability to the industry was that it is in its “first generation” and requires fine-tuning and reassurance before it can be used in such a highly regulated environment. Since then, however, some financial services vendors have made their own product plays with LLMs. Notably, Bloomberg

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The IMD Wrap: Will banks spend more on AI than on market data?

As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

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