Latest news with #GenAI-powered
New Paper
6 days ago
- New Paper
Home Team humanoid robots to be rolled out by mid-2027, $100m to be invested: Josephine Teo
Home Team officers will work together with their robot counterparts when the latter are deployed as soon as by mid-2027. The humanoid robots will perform high-risk tasks such as firefighting, hazmat operations, and search and rescue missions. Initially, the robots will be controlled remotely by human operators, but are expected to be powered by Artificial Intelligence (AI) and deployed autonomously from 2029. During autonomous deployment, AI will allow the machines to respond to different scenarios, with humans supervising and intervening only when necessary. On May 26, four of these robots, which are being developed by the Home Team Science and Technology Agency (HTX), were showcased at the opening of the AI TechXplore exhibition. The two-day science and technology exhibition, held at Fusionopolis One, highlights HTX's efforts to leverage AI to enhance Home Team operations. Three of the robots on display are about 1.7m-tall, while the other is half a metre shorter. HTX engineers built an exo-suit for operators to wear to control the smaller robot. Information from the exo-suit is transmitted to the robot, allowing it to replicate the operator's motion in real time. The operator also wears a virtual reality headset that allows him or her "to see" through the robot's cameras to perform various tasks. The event also saw the launch of Phoenix, HTX's large language model (LLM) that was trained in-house and is familiar with the Singaporean and Home Team context. Phoenix will be the brain of the Home Team's AI capabilities; the LLM is conversant in all four official languages in Singapore. Speaking at the event, Minister for Digital Development and Information Josephine Teo said $100m will be invested into the new Home Team Humanoid Robotics Centre (H2RC), which will be dedicated to developing humanoid robots intended for public safety. It is the first such facility in the world, and is slated to become operational by mid-2026. It will feature zones for data collection, AI model training and robotics development, and will house high-performance computing resources. Ms Teo said: "Criminals are exploiting technology in ways never before imagined. As a result, law enforcement agencies, too, must understand how the technologies are being misused. "But that on its own is not going to be enough. We must also have the capabilities to use the technology to fight crime, to do better for our people." The minister added that H2RC will push the frontiers of AI. She said: "This initiative marks a fundamental shift in the development of robotics capabilities in the Home Team - from today's pre-programmed systems to tomorrow's GenAI-powered intelligent platforms that can move, think, and act autonomously to protect and save lives." Engineer Sean Lim demonstrating how a HTX humanoid robot can mimic human actions during a media preview on May 22. ST PHOTO: JASON QUAH Mr Ang Chee Wee, Chief AI Officer and Assistant Chief Executive (Digital and Enterprise) at HTX, said the facility is a significant step forward for HTX's AI strategy, as advances in robotics open up new possibilities for frontline support. He said: "By putting humanoid robots in realistic environments, we can evaluate how AI can complement our officers, enhance safety, and support the long-term operational needs of the Home Team." The Home Team has used multiple robots over the years, with one of the earliest iterations of a patrol robot being used at large scale events in 2018. The pace of development and deployment quickened after the formation of HTX in end-2019, which helped develop the Rover-X robotic dog and the more recent cyborg cockroaches sent to Myanmar to assist with search-and-rescue efforts. Drones are now also a common sight at large public events such as the recent political rallies, and help with both crowd control and other police operations. The advent of humanoid robots looks set to further shape the security scene in Singapore, with security provider Certis announcing on May 19 that they too have received their first humanoid robot. Dr Daniel Teo, Director of Robotics, Automation and Unmanned Systems Centre of Expertise at HTX, said he was looking forward to further harnessing the potential of robots for the Home Team. He said: "Public safety operations require robotic systems that are adaptable and resilient. These AI-driven robots have a huge potential to enhance the safety and effectiveness of frontline officers."
Mid East Info
21-05-2025
- Business
- Mid East Info
Emirates NBD GenAI Summit brings together industry leaders to discuss the future of GenAI-powered finance - Middle East Business News and Information
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, hosted the second edition of its flagship event, Emirates NBD GenAI Summit at the Ritz Carlton DIFC. The event convened global technology experts, industry leaders and innovators from OpenAI, Amazon Web Services, McKinsey & Co, and others to explore the transformative potential of Generative AI (GenAI) in financial services and its growing impact on Emirates NBD. Held during Dubai AI Week, the summit served as a platform for in-depth discussions, knowledge sharing, and collaborative exploration of GenAI's role in elevating customer experience, driving operational efficiency, strengthening risk management, and enabling innovation at scale. The event also underscored the bank's ongoing efforts to embed GenAI capabilities and fluency across its workforce. Miguel Rio-Tinto, Group Chief Digital and Information Officer at Emirates NBD said: 'We are proud to host our second annual Emirates NBD GenAI Summit, which highlights the growing importance of Generative AI and the immense possibilities it holds. As GenAI becomes increasingly embedded in Emirates NBD's operations, we remain focused on further developing our infrastructure and forming strategic partnerships with leading hyperscalers to truly unlock the value of GenAI and stay at the forefront of this dynamic evolution.' The summit featured keynotes and panel discussions led by Emirates NBD executives and global industry experts. These offered insights into responsible GenAI development, ethical considerations, and emerging trends redefining the financial landscape. The summit also showcased how GenAI is being embedded into the bank's digital DNA, inspiring employees to explore scalable use-cases and accelerate the adoption of GenAI within the bank. Emirates NBD has made significant investments in GenAI technologies to enhance its customer service, employee support, and business operations. These investments aim to deliver more personalised and responsive customer services, enable better tools and workflows for employees, strengthen risk and compliance capabilities, and improve overall operational efficiency through automation. Since 2024, Emirates NBD has implemented several GenAI-powered solutions across its operations, guided by its AI governance framework and guardrails. These include intelligent call assistants for frontline staff, smart legal document summarisation tools, and advanced capabilities to support customer interactions and ESG stakeholder conversations. These implementations reflect the bank's approach to moving beyond generic applications by tailoring the technology to solve deeper role-specific problems, unlock better decision-making insights and drive unprecedented efficiency. Neeraj Makin, Group Head of Strategy, Analytics & Venture Capital at Emirates NBD, said: 'We are thrilled to embark on this exciting journey as part of our ongoing organisation-wide transformation. Specifically, the integration of Generative AI into our traditional AI models represents a pivotal advancement for our organisation. By harnessing the power of GenAI, we are poised to revolutionize our decision-making processes and significantly enhance the performance of our AI models. Embedding Gen AI will lead to unlocking new levels of intelligence, agility and customer centricity which will help us drive unprecedented levels of efficiency and innovation, positioning us at the forefront of our industry.' As part of the bank's broader adoption strategy, Emirates NBD is embedding GenAI fluency across its workforce. This involves building knowledge and fostering a GenAI-driven decision-making culture at all levels of the organisation. By democratising access to the latest GenAI tools and insights, Emirates NBD is equipping its employees with the capabilities to leverage these technologies in their day-to-day roles. The Emirates NBD GenAI Summit reinforced the bank's commitment to embracing cutting-edge technologies and offered a glimpse into the bank's strategic approach to value identification and implementation of use cases through interactive demonstrations. Looking ahead, Emirates NBD will continue to invest in its AI ecosystem, expand use cases, and strengthen internal capabilities to adapt to rapid technological changes. About Emirates NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
Yahoo
21-05-2025
- Business
- Yahoo
Adobe Jumps 19% in a Month: Is There Any Momentum Left in the Stock?
Adobe ADBE shares have jumped 19% in a month, reflecting its deepening Generative AI (Gen AI) focus and innovative Gen AI-powered portfolio. A pause in tariffs that reduced macroeconomic uncertainty also helped the stock. However, Adobe's near-term prospects remain challenging given stiff competition in the AI and GenAI space from the likes of Microsoft MSFT-backed OpenAI, as well as a lack of monetization of its AI solutions. Adobe's AI business is minuscule compared with the likes of Microsoft and Alphabet GOOGL. Microsoft's Intelligent Cloud revenues are benefiting from growth in Azure AI services and a rise in AI Copilot business. Alphabet's Google Cloud is benefiting from accelerated growth across AI infrastructure, enterprise AI platform Vertex and strong adoption of Gen AI competition has negatively impacted Adobe shares, which have underperformed peers like Microsoft and document services & e-signature provider DocuSign DOCU over the past month, but outperformed Alphabet. Microsoft, DocuSign and Alphabet shares returned 24.9%, 20.9% and 8.2%, respectively, over the same timeframe. The challenging near-term prospect is expected to remain an overhang on the Adobe shares. Image Source: Zacks Investment Research Adobe shares are also overvalued, as suggested by a Value Score of D. ADBE stock is trading at a premium with a forward 12-month price/sales of 7.28X compared with the broader Zacks Computer and Technology sector's 6.14X, Salesforce's 6.61X, DocuSign's 5.69X and Alphabet's 5.90X. Image Source: Zacks Investment Research So, what should investors do with Adobe shares right now? Let's dig deep to find out. Adobe has expanded its AI portfolio with Adobe GenStudio and Firefly Services, which help brands and their agency partners collaborate on marketing campaigns. Adobe launched Firefly Video Model-powered Generative Extend in Premiere Pro, which leverages AI to instantly generate and expand the length of video and audio clips. Adobe introduced a new version of After Effects with a high-performance preview playback engine, powerful new 3D motion design tools and HDR monitoring. New V4 upgrades include expanded storage that scales with plans to monetize standalone subscriptions for Firefly through the introduction of multiple Creative Cloud offerings that include Firefly tiering. Adobe plans to invest in its sales capacity to deliver Adobe-wide offerings across business, education and government. The integration of AI Assistant in Acrobat, Reader and Express bodes well for Adobe's prospects. ADBE is infusing Gen AI innovations across its portfolio, including AI-first standalone and add-on products such as Acrobat AI Assistant, Firefly App and Services, and GenStudio for Performance Marketing. These factors are expected to boost top-line growth. Adobe's new AI book of business (more than $125 million exiting the first quarter of fiscal 2025) was a roughly low single-digit percentage of total revenues ($4.23 billion in the fiscal first quarter). ADBE expects this AI book of business to double by the end of fiscal fiscal 2025, Digital Media Annual Recurring Revenue is now expected to grow roughly 11%. Digital Media segment revenues are expected to be between $17.25 billion and $17.40 billion. Digital Experience segment revenues are expected between $5.8 billion and $5.9 billion, while Digital Experience subscription segment revenues are expected between $5.375 billion and $5.425 reaffirmed its total revenue guidance, which is expected between $23.30 billion and $23.55 billion ($21.51 billion in fiscal 2024). Fiscal 2025 non-GAAP earnings are still expected between $20.20 and $20.50 ($18.42 per share in fiscal 2024). For fiscal 2025, the Zacks Consensus Estimate for earnings is pegged at $20.36 per share, down by 5 cents over the past 60 days. The figure indicates 10.53% growth over fiscal 2024. Adobe Inc. price-consensus-chart | Adobe Inc. Quote The Zacks Consensus Estimate for second-quarter fiscal 2025 earnings is pegged at $4.96 per share, down by a penny over the past 60 days, suggesting 10.71% growth from the year-ago earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 2.53%. Adobe's modest near-term growth prospect and stretched valuation makes the stock unattractive for stock is currently trading below the 200-day moving average, indicating a bearish trend. Image Source: Zacks Investment Research ADBE currently has a Zacks Rank #4 (Sell), which implies that investors should avoid the stock for the time can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Docusign Inc. (DOCU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
S&P Global Introduces CreditCompanion™, Enhancing RatingsDirect® on S&P Capital IQ Pro with Advanced AI Technology
GenAI-powered application streamlines discovery and insights related to credit ratings and research from S&P Global Ratings NEW YORK, May 21, 2025 /PRNewswire/ -- S&P Global today announced the launch of CreditCompanion™, a Generative Artificial Intelligence (GenAI) powered application for its RatingsDirect® on S&P Capital IQ Pro platform. This first release of CreditCompanion™ simplifies the process of researching the credit risk of entities, securities and credit markets S&P Global Ratings provides through RatingsDirect®, the flagship platform of S&P Global Ratings' credit ratings and research, with future enhancements planned. Acting as a launch-pad into research discovery, CreditCompanion™ accelerates and empowers credit analysis and offers seamless and transparent access to a wealth of content, thereby saves users significant time. CreditCompanion™ leverages advanced Natural Language Processing (NLP), Large Language Models (LLMs) and a customized Retrieval Augmented Generator (RAG) to facilitate search, summarization and network creation across research artifacts. "It is a critical priority for S&P Global to enhance and drive efficiency in the workflows of our clients through AI. CreditCompanion™ was designed to complement and enhance current credit analysis workflows, allowing users to quickly access and utilize S&P Global Ratings proprietary credit ratings and research content in a more efficient and meaningful way," said Whit McGraw, Head of Risk & Valuations Services, S&P Global Market Intelligence. "CreditCompanion™ has been tested and leveraged by S&P Global Ratings analysts for their own research work," says Jim Wiemken, Head of Global Ratings Services, S&P Global Ratings. "It has been very well-received due to its ability to extract data, search, find and summarize the most relevant content with links to original sources. It has served as an excellent example of how we can use AI technology to drive productivity in our business." CreditCompanion™ will benefit users of RatingsDirect in several ways: Streamlined Access to Information: CreditCompanion™ offers an intuitive chat interface that simplifies access to S&P Global Ratings data and research, making it easier for clients to find relevant information quickly. Efficient Search Capabilities: The application allows users to conduct both structured and unstructured queries, uncovering data trends and qualitative insights in one place. Enhanced Credit Analysis: Clients can conduct comparative credit risk analysis between peer firms and quickly create SWOT analyses. Comprehensive and Natural Language Summarization: CreditCompanion™ synthesizes insights across a vast library of published research, allowing users to quickly uncover themes and insights. It also generates natural language summaries, explanations, or comparisons of ratings, research and insights across entities, sectors, regions and markets. Reliable and Transparent Information: The tool provides thorough linking to relevant source documents from S&P Global Ratings, ensuring that clients can confidently rely on the responses they receive. For more information on CreditCompanion™, visit the website here. About S&P Global: S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through sustainability and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world. We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today. Media Contact Amanda OeyS&P Global Market Intelligence+1 212 438 1904 or View original content to download multimedia: SOURCE S&P Global Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
21-05-2025
- Business
- Finextra
Operational Alpha: How Agentic AI Will Rewrite Securities Operations: By Vijay Mayadas
Since ChatGPT's 2022 debut, the financial services industry has keenly anticipated AI's transformative impact. That era of speculation is over; its practical application is here. Advanced Generative AI (GenAI) models, particularly when deployed through agentic workflows, are not just reshaping but fundamentally rewriting how broker-dealers, investment banks, asset managers, and custodians process and settle trades. By orchestrating complex decision-making and automating intricate tasks like dynamic inventory management through collaborative AI agents, these GenAI-powered operations solutions will actively reduce risk, slash costs, and propel markets towards a real-time future. The impact will be so profound and arrive so swiftly that early adopters of these next-gen platforms can forge a significant competitive advantage - "operational alpha." This GenAI-driven evolution couldn't be timelier. Soaring trading volumes strain legacy infrastructure, escalating operational risks. The shift to accelerated settlement and 24x7 trading compels market participants to accelerate post-trade processes, pushing towards an eventual necessity for real-time capabilities across all firms. Simultaneously, widespread capital market electronification squeezes margins. The pressure is undeniable: institutions need a next-generation operations model capable of this speed and scale, while minimizing costs and risks. Agentic AI offers a compelling answer. From Language Models to Autonomous Agent Orchestration The evolution from powerful language models to sophisticated reasoning engines (like OpenAI's o1, for instance) has paved the way for AI agents – specialized, autonomous entities designed for specific operational tasks. These agents can interpret vast, often unstructured datasets, and make context-aware decisions, often without human intervention. This leap enables AI not merely to support human operators, but to autonomously orchestrate entire operational sequences through coordinated agent activity. Think of it as a digital "special ops team'. These capabilities are fueled by rapid AI advancements and the critical creation of large, standardized datasets. Even the most sophisticated AI agents are only as effective as the data they access. Over the past decade, financial services firms and technology providers have strived to dismantle data silos, aggregating information into unified governance frameworks. At Broadridge, for instance, we've invested significantly in BRx, a global, multi-asset harmonized data ontology. This structured data becomes the bedrock upon which our OpsGPT™ platform deploys AI agents to execute complex tasks with precision. Agentic Workflows in Action: The Digital Workforce Today's GenAI platforms, architected around agentic principles, are a leap beyond previous AI tools. Instead of merely flagging issues for human intervention, the platforms will deploy teams of AI agents that act autonomously and collaboratively. Imagine a digital workforce: An Intake Agent reads and interprets an inbound email query regarding a settlement discrepancy. reads and interprets an inbound email query regarding a settlement discrepancy. A Data Retrieval Agent is dispatched to query multiple internal (and potentially external) operational systems for all relevant trade details, positions, and counterparty information. is dispatched to query multiple internal (and potentially external) operational systems for all relevant trade details, positions, and counterparty information. An Analytical Agent processes this data, identifies the root cause of the discrepancy, and determines the optimal resolution path. processes this data, identifies the root cause of the discrepancy, and determines the optimal resolution path. A Communication Agent drafts an explanatory email or SWIFT message, or even initiates a corrective transaction, based on pre-defined rules and confidence scores. drafts an explanatory email or SWIFT message, or even initiates a corrective transaction, based on pre-defined rules and confidence scores. An Orchestrator Agent oversees this entire process, ensuring tasks are routed correctly and completed efficiently, escalating to human experts only for true exceptions. This is agentic AI. In the critical area of trade fails, for example, specialized AI agents can now autonomously analyze root causes, classify fail types with high precision, and even initiate resolution protocols—often involving direct, automated communication with other internal systems or even counterparty agents. This cuts resolution cycles from days to mere minutes, paving the way to eventually both predict and prevent settlement failures proactively. Beyond Fails: Systemic Operational Alpha The applications of agentic workflows extend further, driving systemic improvements: Capital Efficiency: AI agents can proactively manage global securities inventory, almost like a digital treasurer, by identifying mismatches, recommending optimal asset transfers, and executing rebalancing actions to enhance capital utilization and reduce funding costs. AI agents can proactively manage global securities inventory, almost like a digital treasurer, by identifying mismatches, recommending optimal asset transfers, and executing rebalancing actions to enhance capital utilization and reduce funding costs. Holistic Risk & Transparency: Agentic systems can integrate and mine data from siloed platforms, presenting a unified, real-time view of operational risk and performance across the entire firm. This firm-wide transparency enhances decision-making speed and strategic execution. Agentic systems can integrate and mine data from siloed platforms, presenting a unified, real-time view of operational risk and performance across the entire firm. This firm-wide transparency enhances decision-making speed and strategic execution. Elevated Client Experience: Client interactions are upgraded through AI agents powering intuitive chat interfaces or managing automated, yet contextually relevant and personalized, email communications for inquiries and updates. Crucially, these agentic systems incorporate self-learning feedback loops. Each successfully (or unsuccessfully) executed workflow refines the agents' adaptive logic and improves the underlying models, making them progressively smarter. This means firms achieve operational alpha not by scaling headcount, but by cultivating increasingly intelligent digital workers. Firms can scale operational intelligence, not just operational capacity. The First-Mover Imperative While GenAI operations platforms with sophisticated agentic capabilities are relatively new, their power to transform securities operations is undeniable and imminent. According to Broadridge's 2025 Digital Transformation & Next-Gen Technology Study, 72% of firms are making moderate to large GenAI investments this year, a significant jump from 40% in 2024. The urgency is clear: over a third expect ROI within six months of deployment. What does this ROI look like? By embedding real-time intelligence via agentic AI directly into post-trade processes and integrating these digital workers into daily operations, firms gain a measurable edge. They'll see rapid reductions in operational complexity, manual workloads, settlement penalties, and capital costs, alongside a corresponding surge in risk management prowess and efficiency. This isn't just theoretical; this is operational alpha in action, offering a critical, tangible advantage to early adopters ready to embrace the agentic AI revolution in securities operations.
