- Partnership with Microsoft Azure AI: Franklin Templeton, a US-based investment management firm with over $1.6 trillion in assets under management, is partnering with tech giant Microsoft to develop an “advanced financial AI platform” for its employees and clients.
- Utilization of Microsoft’s Azure AI Service Suite: Franklin Templeton will leverage Microsoft’s Azure AI service suite, including OpenAI service, GPT-4 large language model, AI Search, and AI Document Intelligence functions, to build the platform.
- Goals of the Partnership: The aim is to rapidly integrate AI into Franklin Templeton’s processes to enhance the productivity of its sales and marketing teams and provide more personalized support to clients by consolidating and simplifying structured data and contextual financial information.
- Multi-Layer Intelligence Approach: The platform will employ a multi-layer intelligence approach, where various AI capabilities will be synchronized to create an advanced level of intelligence for Franklin Templeton’s business operations.
- Recent AI Initiatives: Franklin Templeton has been actively exploring the application of AI in financial services, as evidenced by its participation in the funding round of Transparently.AI, a Singapore-based AI software vendor, in February.
- Microsoft’s AI Services Adoption: Microsoft’s Azure AI services are also being adopted by other financial institutions, such as First Abu Dhabi Bank, which announced its use of Azure AI services to build its AI Innovation Hub last month.
