Google Cloud and Moody’s Corporation have announced a new strategic partnership to combine Moody’s expertise in financial analysis and Google Cloud’s advanced GenAI technologies to help Moody’s customers and employees leverage new large language models (LLMs).
Powered by Google Cloud’s GenAI platform, Vertex AI, and utilizing Moody’s analytical expertise, both companies will explore co-creation of fine-tuned LLMs purpose-built for financial professionals to enable customers to perform faster, deeper analyses of financial reports, disclosures and other materials.
With this partnership, Moody’s will enable access to its proprietary datasets through BigQuery which will help customers manage, query and analyze data. This integration allows customers to combine Moody’s databases with their native data assets and use them with LLMs in Vertex AI. Customers can build and access AI models, accelerating time-to-value through increased efficiency and individualized use cases.
Additionally, Moody’s will introduce Vertex AI Search to increase efficiencies by automating manual workflows and combining multiple data sets for easier summation, deeper insights and improved productivity.
Phil Moyer, VP, global AI business and solutions, Google Cloud, said: “Our collaboration with Moody’s is a blueprint for how advanced GenAI technology can drive efficiencies for financial institutions and employees in the financial services industry.
“By combining Google Cloud’s cutting-edge GenAI capabilities with Moody’s expertise, we can help customers make better decisions and employees be more productive.”
Nick Reed, chief product officer, Moody’s Corporation, said: “Moody’s deep expertise in understanding financial data, disclosures and reporting uniquely positions us to anchor development of fine-tuned large language models.
“Through this partnership, research teams at Moody’s and Google Cloud will collaborate on fine-tuned LLMs and AI applications that will enable financial service professionals to produce new, proprietary insights faster than ever before.”
This news follows Google’s 25th birthday where the company announced fresh innovations and partnerships at its Google Cloud Next event in London. The innovations include the announcement of a new app in conjunction with Gymshark, announcing its partnership with Formula E and unveiling its new app with Unilever and Accenture.
