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NowVertical partners with Microsoft to integrate AI capabilities

Market News, Technology
TSXV:NOW
27 June 2023 09:50 (EDT)

NowVertical Group (TSXV:NOW) is partnering with Microsoft (NASDAQ:MSFT) to integrate Azure OpenAI’s capabilities through its SMART HUB.

Integrating NOW’s secure platform can enable businesses to extract valuable insights and derive meaning from unstructured textual data across highly customized use cases securely, without needing external data transfers.

Artificial intelligence integration via SMART HUB integrates Azure OpenAI’s models into NowVertical’s existing data and computer environment. This new pilot builds on NowVertical’s relationship with Microsoft and will allow customers to take advantage of the GPT-4 model formulated by OpenAI.

Since Azure OpenAI is not publicly available and is granted to enterprise partners such as NowVertical, the company has an early mover opportunity to offer customers one of the most advanced generative artificial intelligence models as part of its SMART HUB solution.

Now’s CEO, Sasha Grujicic, said in a news release that access to Azure OpenAI’s powerful large-language model through the SMART HUB platform will allow NowVertical customers the means to gain a comprehensive understanding of their data while adding the capabilities of one of the most formidable generative artificial intelligence models built.

“Not only is it a game changer in many respects, but it also meets a very high bar set by our customers to provide industry-tailored solutions securely on a customer data-ready platform.”

NowVertical Group delivers vertically specific data, technology, and AI applications globally into private and public verticals.

NowVertical Group Inc. (NOW) opened trading at $0.22 per share.

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