Moody's teams up with Microsoft on Copilot generative AI initiative
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Moody's Corporation and Microsoft announced a new strategic partnership to use Azure OpenAI Service for data analytics, research, collaboration, and risk management for financial services and knowledge industries. Together, the two companies plan to co-create new products and services.
Moody’s is deploying a new “Moody's Copilot” to its 14,000 employees worldwide. The copilot draws on analytics, large language models, and proprietary data to offer a digital sandbox environment.
For its part, Microsoft is leveraging Moody's Orbis database for third-party reference data, supply chain management, and counterparty risk assessments. Through the partnership, Moody's is adopting Microsoft Teams and working to co-deliver Fabric with Microsoft.
“Generative AI represents a once-in-a-generation opportunity to enhance how companies navigate the ever-evolving world of exponential risk. By combining Microsoft's cutting-edge AI capabilities with our proprietary data, research and analytics, Moody’s is positioned to lead the next generation of risk analysis, helping our customers make better decisions by unlocking deeper, more integrated, and unmatched perspectives on risk,” said Rob Fauber, president and chief executive officer of Moody’s Corporation, in a statement.
“Our partnership will bring together world-class insights from Moody’s with the capabilities, trust and breadth of Microsoft Cloud — including Azure OpenAI Service, Fabric and Teams — to enable next-gen solutions that will unlock powerful business intelligence and transform productivity and collaboration. We look forward to the new opportunities and value this will bring to employees and firms across banking, capital markets and insurance as well as those in other industries such as manufacturing, telecommunications, transportation and utilities,” stated Bill Borden, corporate vice president of worldwide financial services at Microsoft.