LSE is working with Microsoft and others to develop AI models

The London Stock Exchange (LSE) is teaming up with Microsoft and several banks to create bespoke generative artificial intelligence (AI) models, the Financial Times reported on Aug. 4, a move that shows how the financial services industry is seeking to operate without exposing expertise. Take advantage of this technology where data is available. David Schwimmer, LSE chief executive, said: "We are in discussions with our customers to give them the opportunity to take advantage of the vast amount of data we have and fuse it with theirs in a secure and proprietary way."

As part of a ten-year strategic partnership, Microsoft acquired a 4 percent stake in LSEG last December and a seat on its board.