The University of Oxford and UBS have announced the launch of the Oxford-UBS Centre for Applied AI, a partnership aimed at advancing the understanding of AI and promoting its practical applications.
The Centre will involve collaboration between UBS and Oxford Saïd Business School. It will also include the University’s Mathematical, Physical and Life Sciences Division (MPLS).
Independent research as well as joint initiatives will be conducted at the centre.
Researchers will work closely with UBS practitioners to apply findings in real-world contexts.
A newly endowed UBS Professor for Applied AI at Oxford Saïd will lead the Centre, supported by a team of 20 researchers.
Their work will focus on three areas.
The first, AI and Society, includes governance, the future of work, and sustainability.
The second, AI for Business and Economy, explores applications that drive innovation and transformation across business and economic ecosystems.
The third, AI Futures, examines emerging AI paradigms, model development, and applications.
Professor Irene Tracey, Vice-Chancellor of the University of Oxford, welcomed the partnership, stating:
“This dynamic multidisciplinary partnership will lead to pioneering new AI research solutions and practical applications at a time of unprecedented technological change. We are grateful to UBS for their vision and support, enabling us to launch the Oxford-UBS Centre for Applied AI.”
She added that the partnership would be “unique in its research power, drawing on Oxford’s business school and scientific research division.”
Mike Dargan, UBS Group Chief Operations and Technology Officer, said:
“We are delighted that UBS will be partnering with the University of Oxford to foster pioneering AI research and develop practical tools and solutions that can be implemented at scale across our firm, accelerating our journey to become a fully AI-enabled institution and shaping the future of financial services.”
Featured image credit: Edited by Fintech News Switzerland, based on image by freepik
