DWS Group (DWS) has acquired a 24.9% stake in Arabesque AI, a UK-based company that focuses on Artificial Intelligence (AI) to predict stock price developments via its proprietary AI engine, combining big data, machine learning, and high-performance computing. As part of the operation, both companies have agreed on a strategic partnership to enhance the capabilities of the AI engine, and to develop sophisticated AI-based investment solutions. Both the price and further financial details of the transaction have not been disclosed, DWS confirmed that closing transaction had already take...
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