Microsoft partnered with Moody's and OpenAI to develop artificial intelligence assistants to help customers with risk assessment.
On the evening of June 29, Beijing time, it is reported that Moody's and Microsoft today announced a new strategic partnership to provide next-generation data, analysis, research, collaboration and risk solutions for financial services and global knowledge workers.
Under the agreement, Microsoft and OpenAI will work with Moody's to develop an AI assistant to help Moody's customers analyze large amounts of information for risk assessment. The AI assistant is named "Moody's Research Assistant" (Moody's Research Assistant,MRA).
Rob Fauber, CEO of Moody's, said MRA would be launched for customers such as analysts, bankers, consultants, researchers and investors, with a version for some customers later this year. Fubo also said that in the future, the AI assistant may also be used for tasks such as lending and underwriting.
Moody's also said today that it had launched AI assistant technology from Microsoft to its 14000 employees, who are using the technology to help search for vast amounts of internal information, including Moody's Orbis database.
Microsoft is the largest investor in OpenAI. Nowadays, more and more enterprise customers want to use Microsoft's Azure OpenAI service to access OpenAI's AI model from the cloud. These customers can use OpenAI's ChatGPT and GPT4 language generation and chat bots to write their own applications for employees and customers. Microsoft said 2000 new customers had signed up for the service in the first month and a half of the quarter.
"our customers have to deal with a range of different risks, not just credit risk," Fauber said. You also need to know the reputation of the people you do business with, cyber risks, carbon transition, climate change-related risks, financial crimes and sanctions. And this AI technology has the potential to easily extract information from these different content and data sets, combine them, and then provide insights in a very natural and intuitive way. "
Bill Borden, vice president of global financial services at Microsoft, said Moody's has been using Microsoft's Office and enterprise cloud tools and moving some applications to the Azure cloud.
Fauber also said that Moody's has also been working directly with OpenAI, but this time considering the speed and scale of developing MAR assistants, it is necessary to work with Microsoft at the same time.
