Moody’s and Microsoft Play Dress-up: ‘AI Experts’

Fusty financial oafs team up with tech tyrants.

In a move that screams desperation along with absolute monotony, Moody’s, the financial flunkies’ trumpet, has decided to join hands with the tech torment, Microsoft. Not content with their current shambles of financial risk assessment, they’ve decided to pin their hopes on generative AI. I’ll play the fool and illuminate you about the key points: they’re planning to combine Moody’s risk data with Microsoft’s AI capabilities to spew more accurate risk predictions.

Implications of this half-baked union

Unsurprisingly, they’re trying to sell this as the greatest thing since sliced bread. Their strategy is to make this look like a game-changing solution for businesses and investors, like they’re now able to predict future risks with pinpoint precision. If this works out, Moody’s might intensify the gamble of leveraging AI in the financial industry. And if it falls flat on its face? Well, they wouldn’t be the first financial fat cats to come crying back from the tech sector, would they?

My ‘hot take’

My take? As if we needed more reasons to scoff at Moody’s and Microsoft. Here’s a newsflash fellows: painting AI on a piece of garbage doesn’t magically turn it into a Picasso. However, not everyone shies away from snake oil. Some will indeed swallow this “AI-boosted” risk prediction baloney. For the rest of us though, it just adds another layer of laughs to the already comedy gold that is ‘AI in finance’. I can’t wait for the day when their AI-powered, risk-absorbing, “space-age” bubble bursts spectacularly.

Original article:https://venturebeat.com/ai/microsoft-weaves-generative-ai-fabric-for-moodys/