(Reuters) - Commonwealth Bank of Australia said on Monday it acquired a minority stake in a Silicon Valley-based artificial intelligence (AI) firm, H2O.ai Inc, in a bid to provide smarter and personalised products to its customer base.
CBA, Australia's biggest lender, said it would partner to use H2O.ai's cloud-based machine learning platform across its operations to develop AI-based products, giving it a lead against its rivals in designing smart financial products.
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