HSBC Settles on AI Partner After Five Month Hunt


HSBC has signed up Canadian software company Element AI after a five-month hunt for an Artificial Intelligence partner, amid an ongoing drive to deliver new products powered by insights from a newly collated data lake. The agreement is the first of several the bank anticipates announcing in coming months.

Element AI is a AI software company co-founded in Montréal in 2016 by entrepreneur JF Gagné and Professor Yoshua Bengio, PhD; a joint winner of the 2018 ACM Turing Award for his longstanding work on deep learning.

HSBC is building an AI-powered Client Intelligence Utility (CIU) built on

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