(Reuters) – Commonwealth Bank of Australia said on Monday it acquired a minority stake in a Silicon Valley-based artificial intelligence (AI) firm, H2O.ai Inc, in a bid to provide smarter and personalised products to its customer base.CBA, Australia's biggest lender, said it would partner to use H2O.ai's cloud-based machine learning platform across its operations to develop AI-based products, giving it a lead against its rivals in designing smart financial products.'We see broad application for AI and machine learning technology right across our business – in operational processes, protecting customers from fraud, lending decisions, and risk management,' CBA Chief Executive Matt Comyn said.

https://whtc.com/2021/11/07/australias-cba-partners-with-silicon-valley-artificial-intelligence-firm-h2o-ai/

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