TLDR:
- UBS Group AG has developed an AI tool that can scan 300,000 companies in 20 seconds for potential M&A deals.
- The Swiss bank built its own M&A “co-pilot” to generate buy-side ideas and identify potential buyers in sell side situations.
UBS Group AG has created an artificial intelligence tool that can quickly analyze a database of over 300,000 companies in less than 30 seconds to provide potential Mergers & Acquisitions opportunities for its clients. The tool, known as the M&A “co-pilot,” is designed to generate buy-side ideas and identify potential buyers in sell side situations. This innovation was introduced by Brice Bolinger, UBS head of M&A Switzerland, at the 27th Mergers & Acquisitions conference in Zurich. The AI tool allows UBS to offer more efficient and effective M&A deal options to their clients, showcasing the power and potential of artificial intelligence in the financial sector.
Overall, UBS’s development of this AI tool highlights the increasing importance and reliance on artificial intelligence in the field of finance. By being able to quickly scan and analyze such a vast number of companies in a short amount of time, UBS is able to provide more targeted and timely M&A opportunities, ultimately improving their services and offerings to clients.