HSBC invests in AI modelling firm
HSBC Asset Management (HSBC AM), the high street bank's investment management arm, has provided funding for London-based AI startup Model ML.
HSBC Asset Management (HSBC AM), the high street bank's investment management arm, has provided funding for London-based AI startup Model ML.
BELLINGS Intelligence Score: 10
Why it matters
HSBC's investment in an AI modelling startup is a routine strategic investment by a financial institution into technology, with limited immediate impact on credit markets or underwriting standards.
Sources
Finextra
HSBC invests in AI modelling firm
HSBC Asset Management (HSBC AM), the high street bank's investment management arm, has provided funding for London-based AI startup Model ML.