Together, CAMS and Google Cloud provide a cloud-native platform.
Computer Age Management Services Ltd. (CAMS) and Google Cloud have partnered to create a cutting-edge platform for a range of commercial services within the asset management sector.
The project intends to add next-generation capabilities to the biggest platform supporting the asset management sector in India.
“The next generation platform, envisaged with CAMS and Google Cloud, is a strategic step of the company to leverage the multiple benefits of cloud-based platforms and emerging technologies for the rapidly growing asset management industry,” CAMS said in a statement here on Tuesday.
Over the course of five years, the platform would be created and developed, and individual modules would be implemented gradually.
“Our technology platform has been the financial infrastructure for the Indian Mutual Fund industry, serving investors and the complex ecosystem diligently, while scaling up to build a market share of about 68 per cent in this arena,” CAMS Managing Director Anuj Kumar said in response to the development. Although the company’s current platform is still enduring, it is preparing for the industry’s growth pace by modernizing it and implementing a distributed, service-oriented cloud native architecture.”
“We are excited to traverse this modernisation agenda with CAMS and Google Cloud who amply demonstrated their domain expertise and brought to the table a robust solution that is best-in breed and compliment to the laws and regulatory standards,” Kumar added.
Meta has made changes to the way it categorizes content on its platform, Facebook and Instagram, that has been artificial intelligence influenced. The social media behemoth with headquarters in the US has revised its April blog post outlining its intentions for labeling material created by artificial intelligence. According to Meta, all of its apps will now have the “AI info” label instead of the “Made with AI” label. The AI info badge will be clickable and provide further information on the material, in contrast to the static label.
The action was taken in response to concerns that Meta has been labeling legitimate images captured by photographers as “Made by AI.” A former White House photographer Pete Souza’s basketball game photo was identified as artificial intelligence (AI)-generated, according to sources in the media.
