HSBC has signed a deal with French artificial intelligence start-up Mistral to access its models as banks rush to adopt new technologies that they hope will make employees more productive and lower their costs.
Mistral and HSBC said they would work together to develop generative AI models that will be used by employees across the bank for tasks ranging from financial analysis to translation.
The partnership, the financial details of which were not disclosed, reflects a broader effort by traditional lenders to weave new technologies into their operations.
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