Quantexa will invest an additional £125 million in the global artificial intelligence (AI) industry over the next three years to help clients advance the use of AI to protect, optimise, and grow their organisations.
By 2027, Quantexa’s total global investment in AI will reach more than £200 million.
The investment marks Quantexa’s continued advancements in AI with the preview of its Generative AI technology, Q Assist.
The company said it would advance its AI Stack product to enable its growing global ecosystem of clients and partners to unlock new industry-specific use cases for financial services, insurance, telecommunications, healthcare, and in the public sector.
Quantexa’s Decision Intelligence platform and suite of solutions for data management, customer intelligence, KYC, risk, fraud, and financial crime have been deployed in over 70 countries.
Analysis from University of Washington suggests this investment will boost the global AI industry by £600 million as the multiplier effect is realised.
