Star Union Dai-Ichi Life, QuantumStreet AI to introduce investment products powered by IBM watsonx

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Sandip Patel, managing director, IBM India & South Asia, speaking astatine the IBM Think Mumbai 2024 event. (Express Photo)

At the IBM Think Mumbai 2024, security institution Star Union Dai-ichi Life Insurance (SUD Life) and QuantumStreet AI announced that they volition soon integrate IBM’s generative AI level watsonx with their concern offerings.

“As India’s superior markets acquisition a pivotal transformation, the relation of AI successful enhancing concern solutions has ne'er been much important. The collaboration betwixt IBM and QuantumStreet AI sets a caller modular for the Indian security manufacture with IBM watsonx astatine its core,” said Sandip Patel, Managing Director, IBM India & South Asia.

Powerful AI-driven insights that are governed with the highest levels of spot and transparency volition usher successful a caller epoch of liable concern practices, Patel added.

As portion of the collaboration, SUD Life and QuantumStreet AI announced that they volition plan an concern merchandise to connection superior show successful the ample marketplace capitalisation (large cap) space. As it is becoming progressively hard to make outperformance successful Indian large-cap portfolios, the 2 companies person plans to make insights utilizing IBM watsonx.

The AI concern merchandise is expected to payment their retail clients.

“In today’s data-driven world, it is astir intolerable for individuals to process the immense amounts of accusation available, and AI has go an indispensable instrumentality for money managers, helping deduce meaningful insights from increasing information volumes. It is nary longer a ‘nice-to-have’ but a ‘must-have’,” Arindam Ghosh, main exertion officer, and Prashant Sharma, main concern serviceman of Star Union Dai-ichi Life Insurance, said.

QuantumStreet AI and Dai-ichi Life said they volition besides beryllium exploring associated merchandise improvement successful Japan successful the future. Beyond India’s beingness security industry, QuantumStreet AI volition besides connection its services to the plus absorption and wealthiness absorption sectors wherever generative AI tin beryllium leveraged for probe and hazard management.

watsonx is IBM’s next-generation AI and information level that allows businesses to physique and refine gen AI instauration models arsenic good arsenic accepted instrumentality learning systems. IBM watsonx makes effectual adoption of liable AI imaginable by training, validating, tuning, and deploying AI systems crossed the concern with velocity and information governance.

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