Artificial Intelligence Finance News

Fujitsu and Mizuho Start Trials for Generative AI to Streamline Development and System Maintenance Operations

Fujitsu and Mizuho Start Trials for Generative AI to Streamline Development and System Maintenance Operations

Fujitsu and Mizuho Financial Group, Inc. (hereinafter Mizuho) launched joint verification trials using Fujitsu’s generative AI technology to streamline development and maintenance operations of Mizuho’s system. The trials will take place between June 19, 2023 and March 31, 2024.

Generative AI technologies offer enormous potential to transform the ways we work, and with rigorous verification may soon allow companies to optimize various work processes and tasks.

Recognizing the promise of this technology, Mizuho is now exploring ways to incorporate AI in its operations to improve the quality and resilience of its systems during the development and maintenance phase.

Latest Fintech News: Transact Campus Partners with Luxer One for Secure, Frictionless On-Campus Package Delivery

Fujitsu is actively promoting research and development into generative AI models to support system development and maintenance technology under the framework of its “Fujitsu Kozuchi (code name) – Fujitsu AI Platform,” which supports users globally to accelerate the testing and deployment of advanced AI technologies.

Within their joint trials, Fujitsu and Mizuho will focus on applying Fujitsu’s generative AI technology within the development process of Mizuho’s system, with the aim of verifying the AI’s effectiveness in automatically detecting errors and omissions in system design plans and audit processes.

Fujitsu started offering an AI core engine for generative AI on June 9, 2023 via “Fujitsu Kozuchi (code name) – Fujitsu AI Platform.” The generative AI technology used in the joint trials combines this AI core engine for generative AI with Fujitsu’s expertise in engineering.

Latest Fintech News: REPAY Introduces PayPal and Venmo to Expand Customer Choice

The two parties further plan to develop a technique to automatically generate test specifications from system design plans improved with the aforementioned technology. To strengthen work process resilience, Fujitsu and Mizuho further plan to apply generative AI technologies to work processes and tasks including the generation of source code, system development, and maintenance.

Fujitsu, in cooperation with Tokyo Institute of Technology (Tokyo Tech) (1), Tohoku University (2), and RIKEN (3) in May further announced the start of a R&D project of a distributed training of Large Language Models (LLM) (4) on supercomputer Fugaku, with plans for release in fiscal 2024.

Fujitsu will leverage research results from this project to promote practical research in the industrial world and apply them to Mizuho’s system to further improve quality and efficiency in Mizuho’s operations.

Latest Fintech News: Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Global New Account Fraud Decreased 23% in 2020, According to Jumio’s Holiday Fraud Report

Fintech News Desk

IntelliChief Releases November Digital Events Calendar For November Featuring Sessions For JD Edwards (E1 and World), Oracle EBS, Infor (LX, XA, LN, BPCS)

Fintech News Desk

Business Leaders Selected to Participate in CEOcircle Program Presented by Bunker Labs and JPMorgan Chase Commercial Banking

Fintech News Desk
1