HSBC's Asset Management Arm Takes a Stake in London AI Startup Model ML
Finextra·low signal
HSBC Asset Management provided funding to Model ML, a London-based AI startup, extending the pattern of banks investing directly in AI vendors rather than only buying from them. Terms were not disclosed in the initial report. Single-source and thin on detail, but it fits the strategic-investment trend that Moody's flagged as concentration risk earlier this week.