QUANTEXA TO INVEST ADDITIONAL £125 MLN IN GLOBAL AI INDUSTRY

KUALA LUMPUR, July 10 (Bernama) -- Quantexa announced it will invest an additional £125 million in the global artificial intelligence (AI) industry over the next three years to help clients advance the use of AI to protect, optimise and grow their organisations. (£1=RM5.97)

Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors said in a statement that its total global investment in AI will reach more than £200 million, by 2027.

“While many companies are talking about AI and machine learning, we have been investing in it since our inception. We are investing our time, money, and resources into the biggest technological breakthrough for generations as it will transform how organisations make decisions.

“We are proud to invest in London-based innovation but the impact will be felt by the global economy and will start a ripple effect that will unlock decision intelligence capabilities for our clients and their respective industries,” said its Chief Executive Officer and Founder, Vishal Marria.

The investment marks the company’s continued advancements in AI with the preview of its Generative AI technology, Q Assist.

Quantexa also furthered its commitment to advancing the company’s existing AI Stack to enable its growing global ecosystem of clients and partners to unlock new industry-specific use cases for financial services, insurance, telecommunications, healthcare and in the public sector.

Built on Quantexa’s Decision Intelligence Platform, the technology preview of Q Assist demonstrates the potential of using large language model (LLM)’s to create an intuitive and conversational interface bringing new efficiencies for analysts working with data to identify risks as part of investigations.

Enterprises and government agencies are using Quantexa’s DI to become more effective and efficient at organising siloed, messy data to obtain 360-degree views of customers and suppliers to identify fraud, qualify eligibility for services, stop dangerous goods at borders, or optimise supply chains.

Founded in 2016, Quantexa currently has more than 650 employees and thousands of users working with billions of transactions and data points across the world.

-- BERNAMA