AMP, UNSW join forces to enhance ‘real-world’ AI | Australian Markets

AMP and the University of New South Wales (UNSW) have teamed up to develop new artificial intelligence (AI)-powered options to help improve Australians’ financial confidence.

The strategic partnership will leverage the prevailing AI analysis energy of UNSW’s AI Institute mixed with AMP’s own AI Centre of Excellence, which has pushed a profitable company-wide enterprise of AI-powered options throughout customer support, worker effectivity and advice processes.

A joint assertion from AMP and UNSW confirmed the partnership would service 4 strategic priorities at its core, together with:

1. Advancing AI capabilities: Co-developing revolutionary AI options;
2. Championing accountable AI: Promoting moral, accountable AI practices;
3. Cultivating future AI expertise: Providing college students with industry-led expertise to construct a expert and numerous AI workforce; and
4. Empower people: Equipping AMP staff with AI instruments and coaching.

“I have absolute conviction that AI will transform not only how we as financial services operate, but more importantly, how we help more Australians build financial confidence,” Alexis George, AMP CEO, mentioned.

“This contains utilizing agentic and generative AI in accountable methods to help clear up some of the elemental challenges our society faces, together with financial illiteracy and making certain our growing retiree population can reside with dignity.

“This means recognising the timeless worth of human connection, and likewise being open to exploring the numerous potentialities that AI affords. Critically, as we discover these potentialities, we need to accomplish that from a basis which ensures we act ethically and responsibly to defend our clients and the broader neighborhood.

“It’s another reason why we’re partnering with UNSW, home of one of Australia’s most advanced AI research and development ecosystems with responsible AI at its core.”

With an overarching objective of building retirement confidence, the partnership will allow joint analysis, pupil placements, shared studying classes and grant purposes throughout a number of college colleges and faculties together with Engineering, Law, Business, the Australian School of Management (AGSM), the Australian Graduate School of Engineering (AGSE), and the School of Computer Science.

“This partnership is a powerful example of how universities and industry together accelerate innovation and deliver real-world impact,” Professor Attila Brungs, UNSW Vice-Chancellor and President, mentioned.

“By combining UNSW’s strengths in artificial intelligence, knowledge science, business, law and technology with AMP’s attain and experience in financial companies, we’re serving to to form AI options which are sensible, scalable and useful to society.

“Together, we’re also creating valuable opportunities for students and researchers to gain hands-on experience and contribute to technologies that will define the future of work, finance and daily life in Australia.”

Dr Sue Keay, Head of the UNSW AI Institute, mentioned the partnership will prolong the college’s analysis in AI purposes to the financial companies sector.

“Through this agreement with AMP, we’re giving our students, researchers and academics the opportunity to work on real-world challenges, while also creating a pipeline of skilled talent for the financial services sector,” she mentioned.

“As a national leader in responsible AI, UNSW is proud to guide the development of technologies that are transparent, fair and aligned with societal values. This leadership will help ensure the partnership delivers both innovation and lasting positive impact.”