Moody’s Will Use Microsoft, OpenAI for Research Tool to Assess Risk
Ratings and research firm already rolled out Microsoft AI assistant to its employees
Pedestrians walk past Moody's Corp. headquarters in New York.
Photographer: Scott Eells/Bloomberg
Moody’s Corp. is using Microsoft Corp. and OpenAI to create an artificial intelligence assistant that will help customers of the credit rating and research firm analyze reams of information needed to make assessments of risk.
“Moody’s Research Assistant” will roll out to customers including analysts, bankers, advisers, researchers and investors. The company expects to have a version to show some clients later this year, Chief Executive Officer Rob Fauber said in an interview. Moody’s also envisions future AI assistants for tasks such as lending and underwriting, he said.