AUSTIN, July 11 (Reuters) – Months after the emergence of more powerful artificial intelligence, there is a division within companies, with engineers and marketers embracing it but lawyers less so. said Nasdaq’s chief technology officer and chief information officer on Tuesday.
Inside Nasdaq (NDAQ.O), which runs the stock exchange and sells technology to global markets, employees across different departments are looking for more novel ways to use AI, said Brad Peterson. said at the Reuters MOMENTUM conference in Austin.
One unit ran so-called generative AI, a “hackathon” or collaborative engineering event for technology that generates text, images, and other new content based on historical data. The Verafin division is exploring ways to incorporate such AI into its products to combat financial crime, he said, adding that the technology could produce investigative reports. Verafin said he used AI more commonly to discover the tampered checks.
“There will be a race on deepfakes,” Peterson said.
Computer programmers are also looking to AI to suggest code for Nasdaq businesses, Peterson said. Marketers are looking for ways to draft blogs in ChatGPT-style programs.
Meanwhile, the company’s lawyers — some groups widely hope to use AI to summarize long documents — are interested in the technology but more cautious, he said. Stated.
Nasdaq takes a permissioned approach to address concerns related to AI, such as the risk that sensitive content sent to AI will be accessed by others.
Employees must be registered and pre-trained to use specific AI tools internally, Peterson said. The company has no immediate plans to ban the tool like others, he said.
“It’s not going to get dark early,” he said.
Yet despite years of working with other forms of AI, Nasdaq’s latest effort remains experimental. The code drafted by the AI has not yet been made public, Peterson said. Lawyers for the company are in talks with the vendor that owns the final output, he said.
Nasdaq works primarily with Amazon Web Services (AMZN.O), but is not exclusive. Speaking of rival Microsoft (MSFT.O), which is driving big business through its investment in OpenAI, creator of ChatGPT, Peterson said: “We’re definitely a big user of our entire office suite, corporate email, and Teams. It is.” Microsoft is rolling out generative AI capabilities.
Nasdaq has accessed a preview of Amazon’s answer to the generative AI race: Amazon Bedrock, a take-your-own-tech approach that includes startup Anthropic’s Claude AI. Peterson wouldn’t comment on Titan, a family of models Amazon itself isn’t as flashy as OpenAI.
Longer-term prospects for the Nasdaq include merging the Thoma Bravo-owned software company Adenza, subject to completion of the $10.5 billion deal Nasdaq announced last month. Adenza primarily uses on-premises data centers, so Nasdaq needs to help it move to the cloud, he said.
Reported by Austin resident Jeffrey Dustin.Editing: Kenneth Lee and Deepa Babington
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