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(Reuters) -Elon Musk’s Artificial Intelligence Company Xai has joined with Palantir Technologies and the Investment TWG Global Investment signature, as companies said on Tuesday, as they seek to take advantage of the AI demand in the financial services industry.
The data analytics and TWG firm, directed by the founder of Guggenheim Partners, Mark Walter and the entertainment financier, Thomas Tull, had announced in March a joint company aimed at the deployment of AI in financial services and insurance sectors.
Twg will lead the implementation efforts working with the company’s executives to design and deploy AI -fed solutions, according to companies.
The collaboration will integrate lamb models, which include their Grok family of great language models and their colossus supercomputer, in business operations. Companies expect “many more partners” after the inclusion of lamb.
Business customers invest in AI technologies to improve services and introduce new features in their products, leading to new collaborations to capture market share.
In March, Nvidia and Xai joined a Consortium endorsed by Microsoft, the MGX and Blackrock investment fund to expand the AI infrastructure in the United States.
(Report by Jaspreet Singh in Bengaluru)