The two companies will jointly develop LLMs for financial professionals, for rapid, in-depth analyses of financial reports, disclosures, and other materials, and provide customers with decision-ready insight directly from financial disclosures


Moody’s, Google Cloud enter AI partnership. (Credit: Glenn Carstens-Peters on Unsplash)

Moody’s Corporation has entered into a new strategic partnership with Google Cloud to provide its customers and employees with new financial insights and financial data summaries.

The collaboration will help create new large language models (LLMs) using Moody’s expertise in financial analysis and Google Cloud’s advanced generative AI (gen AI) technologies.

Building on Google Cloud’s gen AI platform, Vertex AI, and Moody’s unique analytical expertise, the generated LLMs are expected to advance the financial analysis.

The two companies will jointly explore the development of advanced LLMs for financial professionals, for rapid, in-depth analyses of financial reports, disclosures, and other materials.

They will enable customers to interrogate, analyse, and make decision-ready insight directly from financial disclosures.

Moody’s Corporation chief product officer Nick Reed 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.”

Under the collaboration, Moody’s will provide access to its unique datasets through BigQuery, Google Cloud’s serverless data warehouse that allows customers to manage, query, and analyse data.

The integration is expected to allow the customers to combine Moody’s wide-ranging databases with native data assets and use them together with LLMs in Vertex AI.

The customers will be enabled to create and access AI models, advancing time-to-value through enhanced efficiency and personalised use cases for financial services professionals.

Moody’s will launch Vertex AI Search to automate manual workflows and combine multiple data sets to simplify summation, deeper insights, and overall improvement in productivity.

Google Cloud global AI business and solutions VP Phil Moyer said: “Our collaboration with Moody’s is a blueprint for how advanced gen AI technology can drive efficiencies for financial institutions and employees in the financial services industry.

“By combining Google Cloud’s cutting-edge gen AI capabilities with Moody’s expertise, we can help customers make better decisions and employees be more productive.”