Investment data and research provider MSCI and Google Cloud announced plans to work together on the development of a series of generative AI solutions for the investment industry, including tools enabling investors to assess portfolio climate risk and identify low carbon investment opportunities.
The announcement marks an expansion of the partnership between MSCI and Google Cloud, launched in January 2023 with plans to build a cloud-native investment data acquisition and development platform to enable investment decision making by delivering data, insights and solutions.
MSCI Chairman and CEO Henry Fernandez said:
“The AI revolution has led to rising expectations among companies and investors, who want faster access to higher-quality data, analytics, and actionable insights. Expanding our partnership with Google Cloud will help MSCI address these needs while keeping us at the forefront of advanced data technologies. It will also help us provide new solutions for investors working to decarbonize their portfolios.”
Under the expanded partnership, MSCI will provide generative AI-enabled solutions powered by Google Cloud’s Vertex AI platform, and its climate technology, including BigQuery Geospatial and Earth Engine.
In addition to the new climate-focused solutions, key focus areas for the partnership will include solutions combining MSCI’s proprietary data and analytics with Google Cloud’s generative AI solutions to provide investors with an overview of portfolio and enterprise-level risk while reducing time to analyze and deliver actionable insights, and utilizing Google Cloud’s generative AI to power MSCI’s new conversational AI solution for its portfolio and risk management solutions.
Google Cloud CEO Thomas Kurian said:
“Generative AI is driving the next evolution of financial services as investment professionals look for better and faster ways to monitor portfolios, generate new insights, and scale the speed of decision-making. Our partnership with MSCI to build generative AI-powered solutions will not only help risk and portfolio management teams better collaborate and unlock insights, but also will enable MSCI’s clients to build more climate-resilient portfolios.”
Jigar Thakkar, Chief Technology Officer at MSCI, added:
“We are excited to collaborate with Google Cloud to accelerate the development of generative AI solutions, which will aim to offer investors deeper data-driven insights, enhanced decision-making capabilities, and accelerated portfolio implementation. With the power of generative AI and LLMs, we are advancing towards our commitment to help investors build better portfolios with enhanced insights.”