MSCI expands partnership with Google Cloud into generative AI

The collaboration will explore the application of AI to financial data, in order to generate actionable intelligence.

Proposal from the Japan and US semiconductor firms for flash memory technology is contingent on government support.

Companies tied to AI, including in Asia, account for a rising proportion of major investment indices, challenging diversification strategies. Chinese players are gaining ground on the US giants in the AI race, leading to greater stock volatility. Christopher Chu reports.

Several financial institutions and tech partners will test three dozen use cases spanning risk management, fraud prevention and customer experience.

The banking group has large back-office centres in India, China, Malaysia and Poland; over 7,800 such roles could be impacted. The bank has also increased its profit targets for 2030 and confirmed group CFO and COO appointments.

Following an agreement in San Francisco, the Korean and US firms will collaborate across memory and foundry technologies, supporting the next generation of AI infrastructure as the semiconductor ecosystem becomes more sophisticated.