Google Cloud has announced a partnership with Deutsche Bank to develop an AI-powered trading platform. The platform, which is expected to be launched later this year, will use machine learning algorithms to analyze market data and make predictions about future market trends.
Platform Details
According to Google Cloud, the platform will be built using its cloud-based infrastructure and will be powered by its AI and machine learning technologies. Deutsche Bank will provide the platform with access to its vast amounts of market data, which will be used to train the AI algorithms.
Google Cloud has invested $1.1 billion in the development of the platform, which is expected to generate significant revenue for the company.
Our partnership with Deutsche Bank is a key part of our strategy to expand our presence in the financial services sector, and we are excited about the potential of this platform to transform the way trading is done, said Google Cloud's CEO.