MSCI expands partnership with Google

MSCI and Google have expanded their partnership with the aim of developing generative AI solutions for the investment industry, to assist MSCI’s clients in managing portfolio risks and opportunities, and inform their investment decisions.

“The AI revolution has led to rising expectations among companies and investors, who want faster access to higher-quality data, analytics and actionable insights,” commented Henry Fernandez, chair and CEO of MSCI.

To this end, MSCI will combine its proprietary data and analytics with Google Cloud’s generative AI to provide an overview of portfolio and enterprise level risk, with the aim of reducing the time needed for clients to analyse and arrive at actionable insights.

This should be further enhanced through conversational AI, which should quickly answer questions and discover information about clients’ portfolios and MSCI data, models and solutions.

Finally, the companies want to introduce climate-focused generative AI to assist investors with measuring and managing portfolio exposure to climate risk, and to identify low-carbon investment opportunities.

“Advancement in generative AI has jump-started a revolution in our industry,” said Jigar Thakkar, CTO at MSCI.

Thomas Kurian, CEO of Google Cloud, added: “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.”

MSCI recently acquired the remaining shares of data provider The Burgiss Group.