UBS Invests in Domino Data Lab, Deepening Strategic Partnership to Drive Next Wave of Enterprise AI Innovation
Rhea-AI Summary
UBS (NYSE:UBS) has expanded its strategic partnership with Domino Data Lab through a significant equity investment, marking a deepening of their five-year collaboration in enterprise AI development. The partnership centers on scaling RiskLab, UBS's AI model development and validation platform built on Domino's technology.
As part of the agreement, a UBS representative will join Domino Data Lab's Board as an observer. The expanded collaboration aims to streamline AI model development across UBS, focusing on secure, collaborative, and auditable AI solutions while maintaining robust governance and risk management practices.
Positive
- Strategic equity investment strengthens UBS's position in AI innovation
- Expansion of successful 5-year partnership with proven track record
- Enhanced AI governance and risk management capabilities
- Board observer position provides strategic oversight of the partnership
Negative
- Financial terms of the investment not disclosed
- Implementation timeline and specific ROI metrics not provided
News Market Reaction
On the day this news was published, UBS declined 0.63%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Partnership will help identify and grow scalable AI models with robust governance and risk management at its core
The broadened partnership builds on over five years of successful collaboration with RiskLab, UBS's platform for AI model development and validation. The platform was built within the UBS environment, based on Domino's product, providing a secure, collaborative, and auditable foundation for AI model development, supporting UBS's risk-based approach.
The innovative approach will now be rolled out across the bank to streamline AI model development and deployment, driving efficiency and innovation across UBS, and ensuring that AI-driven solutions are readily available to meet business needs. It is expected to help to accelerate UBS's broader AI strategy by strategically further embedding a risk-based approach to model development.
"At UBS, we're making bold choices to ensure we're an AI-enabled institution – leveraging cutting-edge technologies to deliver smarter, faster, and above all, more responsible innovation that benefits our clients, people, and shareholders," said Stephan Hug, Head of Group Functions Technology, UBS. "Our growing partnership with Domino Data Lab reinforces this commitment, establishing scalable AI and robust model governance as important pillars of our advanced digital strategy."
To stay at the forefront of growing AI adoption across the financial services industry, Domino's platform now serves as the foundation for broader AI development initiatives. By enabling flexible collaboration, full traceability, and enhanced governance, Domino equips UBS teams to build and deploy advanced models faster and with greater confidence.
"There is a tremendous opportunity for AI to help safeguard financial markets and improve customer experiences," said Nick Elprin, co-founder and CEO of Domino Data Lab. "We're proud to support UBS as they scale AI across their firm — with speed and safety simultaneously."
With AI adoption accelerating the pace of innovation across financial services, the expanded UBS-Domino collaboration is supporting UBS's leadership in this industry-wide shift. It showcases how global institutions can safely build mission-critical AI that meets the escalating demands of customer expectations in compliance with regulatory requirements, and accelerates innovation.
About Domino Data Lab
Domino Data Lab empowers the largest AI-driven enterprises to build and operate AI at scale. Domino's Enterprise AI Platform provides an integrated experience encompassing model development, MLOps, collaboration, and governance. With Domino, global enterprises can develop better medicines, grow more productive crops, develop more competitive products, and more. Founded in 2013, Domino is backed by Sequoia Capital, Coatue Management, NVIDIA, Snowflake, and other leading investors. Learn more at domino.ai.
About UBS
UBS is a leading and truly global wealth manager and the leading universal bank in
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SOURCE Domino Data Lab; UBS
FAQ
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