Nomura, a Japanese financial services group, has entered a strategic partnership with OpenAI to advance the asset management industry through generative AI.
Under the partnership, Nomura will adopt OpenAI’s Deep Research and receive technical guidance to develop new services, explore new use cases, and advance industry technology.
“Generative AI has the power to do more than boost efficiency. It can fundamentally transform financial services,” said Kentaro Okuda, president and group CEO of Nomura Holdings.
“Through our strategic collaboration with OpenAI, we will combine Nomura’s extensive data assets and deep expertise with state-of-the-art AI to deliver more advanced investment advice and market analysis.”
By combining Nomura’s in-house data with external datasets, the firm will provide enhanced investment advice, market analysis, and data solutions to clients.
Nomura plans to pair its proprietary data and asset management expertise with generative AI tools, aiming to accelerate insight extraction and productivity gains across its businesses.
While upholding security and governance standards, the firm says the technology will help it design solutions for challenges facing global capital markets and the broader economy.
“Generative AI is rapidly becoming a critical foundation for transforming industries and society,” said Tadao Nagasaki, president and CEO, OpenAI Japan GK.
“This collaboration offers a significant opportunity to introduce cutting-edge AI and open up new possibilities from developing innovative services to strengthening operational capabilities.”
