HSBC Asset Management Takes Stake in Model ML
HSBC Asset Management has taken an equity stake in London based AI company Model ML through its flagship venture capital strategy, Crowdfund Insider reports. The size of the investment was not disclosed.
Model ML builds AI tools for banks, asset managers, and advisory firms. Its platform automates workflows including research compilation, due diligence reviews, financial analysis, and document creation.
The company uses a model agnostic system that routes each task to an AI model selected for the job. This lets financial institutions use different AI models without changing internal workflows.
Founded less than two years ago by brothers Chaz and Arnie Englander, Model ML has raised more than $100 million to date, including a $75 million Series A round. HSBC Asset Management made the investment through a venture capital fund of funds program within its alternatives platform.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Finance AI Weekly, AI Funding Brief or Daily AI Brief.
Also, consider following us on social media:
More from Finance
Oct 16 Intuit Agrees to Acquire AI Billing Startup Sequence for Reported $200 Million Oct 16 Matters Raises $5 Million to Build AI Consumer Bank Oct 16 HKMA Introduces ART Framework for AI Use in Banking Oct 15 Moomoo Adds AI Assistants to Global Paper Trading Contest Oct 15 Financial Stability Board Publishes 12 AI Practices for Financial FirmsMore from Funding
Oct 16 Intuit Agrees to Acquire AI Billing Startup Sequence for Reported $200 Million Oct 16 Matters Raises $5 Million to Build AI Consumer Bank Oct 16 KP Labs raises €4.42 million for AI data processing in orbit Oct 15 Origin Raises $20 Million for Autonomous Construction Robots Oct 15 Symbe Raises $5.7 Million for AI Sales PlatformEnterprise AI Brief
Weekly report on AI business applications, enterprise software releases, automation tools, and industry implementations.
Whitepaper
Tensordyne Napier: What If One Rack Could Do the Work of Nine?
Tensordyne
This Tensordyne whitepaper presents Napier, an inference-focused AI processor and rack-scale system based on the company’s TDN Math logarithmic number system. It examines infrastructure requirements for large mixture-of-experts and agentic models, compares major inference architecture approaches, and details the TDN AIP processor, TDN72 pod, TDN Link fabric, and Napier Ultra configuration. The paper reports simulation-based performance, cost, and accuracy-validation results, including Tensordyne’s projected comparison of one Napier rack with a nine-rack Nvidia Rubin plus Groq deployment; the chip is reported as taped out and in fabrication.
Read moreYou may also like
HSA Group Launches AI Lab Across Its Businesses
Manulife Launches Enterprise AI Platform
HSBC Deploys Promenaut Agent Workflow Platform
Apex Intelligence Raises Nearly $50 Million for Self Improving AI Models
HSBC Launches HSBCnio Transaction Banking Platform
Daily AI Brief: the AI news that matters, in your inbox.