Japanese Megabanks Seal AI Deals

Mizuho and Mitsubishi are speeding up the adoption of artificial intelligence. The two companies have agreed to mutually independent deals with tech firms that will help them go beyond routine banking tasks. Mizuho Financial Group joined IBM to develop a forecasting engine based on artificial intelligence. The engine is imitating the human brain's learning structure to help forecast moves of the financial market, the bank said in a statement. Technically speaking the tool uses artificial neural network technology.