UBS Has an AI Tool That Can Scan 300,000 Firms in 20 Seconds
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UBS Group AG has developed an artificial intelligence tool to help it offer clients potential M&A deals, able to analyze a database of over 300,000 companies in less than half a minute.
The Swiss bank built its own M&A “co-pilot” to generate buy-side ideas and identify potential buyers in sell side situations, Brice Bolinger, UBS head of M&A Switzerland said at the 27th Mergers & Acquisitions conference in Zurich on Tuesday.