| | MARCH 20244 The epicenter of the pandemic, China has had a few rough years. Over the past three years, China has laid a path of recovery, but not so cozy by any means. However, the Chinese economy is expected to achieve some form of stability in 2024. It will be a boon to leading global financial markets like Hong Kong. However, the financial behemoths in the city, like FWD Group (a Hong Kong-based multinational insurance company), are not ready to sit back and wait. It's a great omen that FWD has forged a fresh partnership with Microsoft to mark the dawn of a new era of generative artificial intelligence (AI) advancements, not only in Hong Kong but in all of Asia. The four-year partnership has plans to help companies worldwide integrate the latest AI engines into their processes. The move is widely perceived as a significant leap forward for the financial services industry in Asia.In the aftermath of the new deal, FWD is set to leverage Microsoft's Azure cloud computing platform, which will give them access to AI capabilities, including OpenAI. Bill Borden, Corporate Vice President of Worldwide Financial Services, Microsoft, said, "AI is driving transformation across the financial services industry, opening new opportunities for innovation and business growth with agility and at scale. We are thrilled to strengthen our AI partnership with FWD by offering Azure OpenAI Service and Copilot for Microsoft 365 capabilities to enable world-class customer experiences and operations securely and responsibly." Hong Kong's financial industry is undergoing a massive transformation, and it's happening fast.Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialAn Inevitable Transformation Insights for Business LeadersVol 04 · Issue 11-3 · MARCH, 2024Publisher Alok ChaturvediManaging Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N RayNoidaRohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine Price is $50 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2024 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Designers Antony Arnold FSurbhi SumanVP - Sales & Marketing Amrit Kumar Singh Circulation Manager Magendran PerumalEditorialHima P.M. Keerthana Kantaraju P. Tejaswini Roopalatha H. hospitality from the hearttmOur hotel, restaurant & spa :traditional italian cuisineauthentic thai cuisineluxury boutique hotelsbuffalo wings & burgers+66 (0) 90 810 4888 | @thechiangmai | info@thechiangmai.com | thechiangmai.comintegrated solutions for quality living
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