The UK bank has expanded its range of indices leveraging AI and machine learning.
HSBC has licensed on an exclusive basis its new HSBC AI Global Tactical Index (HSBC AIGT) to be used as the underlying strategy of a new fixed indexed annuity offered by Ibexis Life & Annuity Insurance Company, a US provider of retirement savings products. The index, which was launched in February 2023, uses machine learning powered by Amazon Web Services (AWS) in conjunction with equity investing. The HSBC AIGT index was developed by HSBC and seeks to leverage the artificial intelligence (
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