Strategic partnership for next-gen options constructed on Microsoft Azure OpenAI Service, Microsoft Material, and Microsoft Groups and Moody’s proprietary information to empower monetary providers, capital markets, and extra
NEW YORK and REDMOND, Wash. — June 29, 2023 — Moody’s Company (NYSE:MCO) and Microsoft (NASDAQ: MSFT) immediately introduced a brand new strategic partnership to ship next-generation information, analytics, analysis, collaboration and threat options for monetary providers and international data staff. Constructed on a mixture of Moody’s strong information and analytical capabilities and the ability and scale of Microsoft Azure OpenAI Service, the partnership creates revolutionary choices that improve insights into company intelligence and threat evaluation, powered by Microsoft AI and anchored by Moody’s proprietary information, analytics, and analysis.
Strategic Partnership Highlights
- Microsoft and Moody’s are co-creating new services and products for analysis and threat evaluation, constructed on Azure OpenAI Service for enhanced information and threat administration.
- “Moody’s CoPilot,” an inside copilot software, is now deployed to Moody’s 14,000 international staff, and can mix Moody’s proprietary information, analytics and analysis with the newest giant language fashions (LLMs) and Microsoft’s world-class generative AI know-how to drive firm-wide innovation and improve worker productiveness in a secure and safe digital sandbox.
- Moody’s is adopting Microsoft Groups to supply a brand new platform for its data staff and prospects that may improve collaboration, productiveness, and communication, whereas sustaining the very best compliance requirements.
- For inside use and co-innovations, Microsoft is leveraging Moody’s broad vary of options, together with Moody’s Orbis database – one of many world’s strongest databases on firms – with functions that embrace third-party reference information, counterparty threat evaluation, and provide chain administration.
- Microsoft and Moody’s will collaborate on the chance to ship information to their shared prospects via Microsoft Material, a brand new analytics platform for end-to-end information administration.
- Moody’s commits to utilizing Microsoft’s Azure cloud platform to energy its rising suite of generative AI capabilities and cloud-based functions.
Rob Fauber, president and chief government officer of Moody’s Company, stated, “Generative AI represents a once-in-a-generation alternative to reinforce how firms navigate the ever-evolving world of exponential threat. By combining Microsoft’s cutting-edge AI capabilities with our proprietary information, analysis and analytics, Moody’s is positioned to steer the subsequent era of threat evaluation, serving to our prospects make higher choices by unlocking deeper, extra built-in, and unmatched views on threat. Now we have activated our 14,000 international staff to drive unprecedented experimentation and ignite new improvements throughout our suite of merchandise and options. We’re excited to companion with Microsoft to set the usual for the way generative AI will pioneer new developments throughout our {industry}.”
Unlocking Developments in Built-in Threat Evaluation
A brand new copilot software for patrons, “Moody’s Analysis Assistant” will unlock the total potential of Moody’s assets and options to supply prospects with a multifaceted view of threat. Constructed on Microsoft Azure OpenAI Service and obtainable via a number of channels, together with Microsoft Groups, Moody’s Analysis Assistant will rapidly compile and summarize advanced data from a number of information sources, all in a secure and safe atmosphere that protects personal and proprietary data. Amongst its many anticipated makes use of would be the potential to generate customized, detailed analyses of an organization or sector by seamlessly combining information from throughout a number of dimensions – resembling firmographic information, credit score indicators, financial forecasts, and threat and reputational profiles – to supply quick, contextual and informative solutions primarily based on the mixing of expansive LLMs and Moody’s industry-leading information, analytics and analysis.
Invoice Borden, company vice chairman of worldwide monetary providers at Microsoft stated, “Our partnership will convey collectively world-class insights from Moody’s with the capabilities, belief and breadth of Microsoft Cloud — together with Azure OpenAI Service, Material and Groups — to allow next-gen options that may unlock highly effective enterprise intelligence and remodel productiveness and collaboration. We stay up for the brand new alternatives and worth it will convey to staff and companies throughout banking, capital markets and insurance coverage in addition to these in different industries resembling manufacturing, telecommunications, transportation and utilities.”
Enhancing Moody’s Collaboration and Productiveness via Microsoft Groups
Moreover, via the partnership, Moody’s will leverage Microsoft Groups to create a brand new collaboration, productiveness and communication platform for its data staff and prospects. With the mixing of Moody’s copilot instruments, Groups will automate and streamline guide workflows, present extra environment friendly entry to information and content material, and synthesize and summarize data from throughout a number of information units, leading to higher insights, improved productiveness and compliance, and enhanced worker and buyer experiences.
Collaborating to Improve the New Microsoft Material
Microsoft and Moody’s will collaborate on the chance to ship information to their shared prospects via Microsoft Material, a brand new end-to-end information analytics platform. Microsoft Material consists of applied sciences like Azure Synapse Analytics, Azure Information Manufacturing facility, and Energy BI in a single unified product, permitting information engineers alternative to simply join and curate information from a number of sources, eliminating sprawl, whereas higher governing information throughout the whole group.
ABOUT MOODY’S CORPORATION
Moody’s (NYSE: MCO) is a world built-in threat evaluation agency that empowers organizations to make higher choices. Its information, analytical options and insights assist decision-makers establish alternatives and handle the dangers of doing enterprise with others. We imagine that higher transparency, extra knowledgeable choices, and truthful entry to data open the door to shared progress. With roughly 14,000 staff in additional than 40 international locations, Moody’s combines worldwide presence with native experience and over a century of expertise in monetary markets.
ABOUT MICROSOFT
Microsoft (Nasdaq “MSFT” @Microsoft) allows digital transformation for the period of an clever cloud and an clever edge. Its mission is to empower each particular person and each group on the planet to attain extra.
“SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Sure statements contained on this launch are forward-looking statements and are primarily based on future expectations, plans and prospects for Moody’s enterprise and operations that contain a variety of dangers and uncertainties. Such statements contain estimates, projections, objectives, forecasts, assumptions and uncertainties that might trigger precise outcomes or outcomes to vary materially from these contemplated, expressed, projected, anticipated or implied within the forward-looking statements. Stockholders and traders are cautioned to not place undue reliance on these forward-looking statements. The forward-looking statements and different data on this launch are made as of the date hereof, and Moody’s undertakes no obligation (nor does it intend) to publicly complement, replace or revise such statements on a going-forward foundation, whether or not on account of subsequent developments, modified expectations or in any other case, besides as required by relevant regulation or regulation. In reference to the “secure harbor” provisions of the Non-public Securities Litigation Reform Act of 1995, Moody’s is figuring out sure elements that might trigger precise outcomes to vary, maybe materially, from these indicated by these forward-looking statements. These elements, dangers and uncertainties embrace, however should not restricted to: the impression of present financial situations, together with capital market disruptions, inflation and associated financial coverage actions by governments in response to inflation, on worldwide credit score markets and on financial exercise, together with on the amount of mergers and acquisitions, and their results on the amount of debt and different securities issued in home and/or international capital markets; the unsure effectiveness and attainable collateral penalties of U.S. and overseas authorities initiatives and financial coverage to reply to the present financial local weather, together with instability of monetary establishments, credit score high quality considerations, and different potential impacts of volatility in monetary and credit score markets; the worldwide impression of the Russia – Ukraine army battle on volatility in world monetary markets, on common financial situations and GDP within the U.S. and worldwide, on international relations and on the Firm’s personal operations and personnel; different issues that might have an effect on the amount of debt and different securities issued in home and/or international capital markets, together with regulation, elevated utilization of applied sciences which have the potential to accentuate competitors and speed up disruption and disintermediation within the monetary providers {industry}, in addition to the variety of issuances of securities with out scores or securities that are rated or evaluated by non-traditional events; the extent of merger and acquisition exercise within the U.S. and overseas; the unsure effectiveness and attainable collateral penalties of U.S. and overseas authorities actions affecting credit score markets, worldwide commerce and financial coverage, together with these associated to tariffs, tax agreements and commerce obstacles; the impression of MIS’s withdrawal of its credit score scores on international locations or entities inside international locations and of Moody’s not conducting industrial operations in international locations the place political instability warrants such motion; considerations within the market affecting our credibility or in any other case affecting market perceptions of the integrity or utility of impartial credit score company scores; the introduction of competing merchandise or applied sciences by different firms; pricing strain from rivals and/or prospects; the extent of success of latest product improvement and international growth; the impression of regulation as an NRSRO, the potential for brand new U.S., state and native laws and laws; the potential for elevated competitors and regulation within the EU and different overseas jurisdictions; publicity to litigation associated to our score opinions, in addition to another litigation, authorities and regulatory proceedings, investigations and inquiries to which Moody’s could also be topic every so often; provisions in U.S. laws modifying the pleading requirements and EU laws modifying the legal responsibility requirements relevant to credit standing businesses in a way opposed to credit standing businesses; provisions of EU laws imposing extra procedural and substantive necessities on the pricing of providers and the growth of supervisory remit to incorporate non-EU scores used for regulatory functions; uncertainty concerning the long run relationship between the U.S. and China; the attainable lack of key staff and the impression of the worldwide labor atmosphere; failures or malfunctions of our operations and infrastructure; any vulnerabilities to cyber threats or different cybersecurity considerations; the timing and effectiveness of our restructuring packages, such because the 2022 – 2023 Geolocation Restructuring Program; foreign money and overseas trade volatility; the end result of any overview by controlling tax authorities of Moody’s international tax planning initiatives; publicity to potential legal sanctions or civil cures if Moody’s fails to adjust to overseas and U.S. legal guidelines and laws which might be relevant within the jurisdictions through which Moody’s operates, together with information safety and privateness legal guidelines, sanctions legal guidelines, anti-corruption legal guidelines, and native legal guidelines prohibiting corrupt funds to authorities officers; the impression of mergers, acquisitions, resembling our acquisition of RMS, or different enterprise combos and the flexibility of Moody’s to efficiently combine acquired companies; the extent of future money flows; the degrees of capital investments; and a decline within the demand for credit score threat administration instruments by monetary establishments. These elements, dangers and uncertainties in addition to different dangers and uncertainties that might trigger Moody’s precise outcomes to vary materially from these contemplated, expressed, projected, anticipated or implied within the forward-looking statements are described in higher element below “Threat Components” in Half I, Merchandise 1A of Moody’s annual report on Kind 10-Ok for the yr ended December 31, 2022, and in different filings made by the Firm every so often with the SEC or in supplies integrated herein or therein. Stockholders and traders are cautioned that the incidence of any of those elements, dangers and uncertainties could trigger the Firm’s precise outcomes to vary materially from these contemplated, expressed, projected, anticipated or implied within the forward-looking statements, which might have a cloth and opposed impact on the Firm’s enterprise, outcomes of operations and monetary situation. New elements could emerge every so often, and it isn’t attainable for the Firm to foretell new elements, nor can the Firm assess the potential impact of any new elements on it. Ahead-looking and different statements on this doc may deal with our company accountability progress, plans, and objectives (together with sustainability and environmental issues), and the inclusion of such statements shouldn’t be a sign that these contents are essentially materials to traders or required to be disclosed within the Firm’s filings with the Securities and Trade Fee. As well as, historic, present, and forward-looking sustainability-related statements could also be primarily based on requirements for measuring progress which might be nonetheless creating, inside controls and processes that proceed to evolve, and assumptions which might be topic to alter sooner or later.
For extra data:
Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777, [email protected]
Moody’s Investor Relations, Shivani Kak, (212) 553, 0298, [email protected]
Moody’s Communications, Michael Adler, (212) 553-4667, [email protected]
