DWS Invests in Artificial Intelligence via Stake in Arabesque AI

DWS Group (DWS) has acquired a minority stake of 24.9 percent in Arabesque AI Ltd. The UK-based company focuses on Artificial Intelligence (AI) to predict stock price developments via its proprietary AI engine, combining big data, machine learning, and high-performance computing. In addition, both companies have agreed on a strategic partnership to enhance the capabilities of the AI engine, and to develop sophisticated AI-based investment solutions. Both parties have agreed to maintain confidentiality on the price of the transaction and further financial details. Closing of the transaction has already taken place.