Manulife to enhance investment research with AI tools

Manulife’s Lab of Forward Thinking (LOFT) has announced that it is collaborating with Nervana Systems, a company that is building the next generation of intelligent applications. The applications will be used to develop an AI (artificial intelligence) and deep learning tool to analyze the huge amount of online information, financial news, email correspondence and documents that portfolio managers receive each day as part of due diligence and research.”The complexity of the financial markets and vast amount of data generated make deep learning an ideal fit for financial services companies,” explained Naveen Rao, CEO of Nervana Systems. “Nervana Cloud will help Manulife’s portfolio managers quickly organize, search and analyze new and historical financial data to make faster and more accurate investment decisions.”Using deep learning, Manulife’s LOFT is training a computer system…

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