Barclays Invests in CommonAI, a Collaborative Engineering and Compute Platform

Finextra·low signal

Barclays Bank has invested in CommonAI, a collaborative engineering and computing platform launched by Anthemis and Cambridge AI Venture Partners to support the growth of AI-enabled businesses. The deal is a signal of incumbent banks moving capital into shared AI infrastructure rather than building it alone. It reflects financial institutions trying to position upstream of the AI tooling their portfolios will depend on.