Big Tech Forging Partnerships to Further AI Development Strategies

Qraft Technologies announced a collaboration with LG AI Research to develop their artificial intelligence development strategies. The partnership aims to leverage LG's expertise in collecting and analyzing unstructured data like consumer sentiment alongside Qraft's leadership in structured financial market modeling. By combining Qraft's machine learning, natural language processing, and data analysis capabilities with LG's resources, the companies intend to develop new AI-powered financial products and instruments. Their first joint project is an exchange-traded fund informed by these complementary AI skills. The collaboration allows LG to advance its goal of transforming business units with AI solutions for quality control, materials innovation, and demand forecasting. It also enables Qraft to enhance its risk prediction and portfolio management offerings for the financial sector with LG's additional data sources. Both parties expect to mutually benefit from this pooling of specialized talents and datasets to progress their respective AI applications at an accelerated pace compared to independent efforts. To find more about the article, visit the link below.