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FD announces major machine learning investment in Kx Technology

First Published 20th September 2017

First Derivatives (FD) incorporates machine learning capabilities into its Kx platform

Brian Conlon, Kx

Brian Conlon, Kx

FD has announced a range of initiatives to put machine learning (ML) capabilities at the heart of future development for the Group's Kx technology. The measures aim to accelerate delivery of pipeline opportunities in software and consulting and provide access to ML specialists.

The Group has received interest from customers in areas such as Capital Markets, IIOT, Retail and Digital Marketing with a view to deploying Kx for ML purposes. The Group is in the process of recruiting a team of ML experts with extensive commercial experience of implementing AI solutions in finance and other industries and who have worked with teams including Deepmind.

The Group has signed an agreement with Brainpool, a specialist consultancy with 130 ML engineers working across commercial and academic institutions. These specialists have domain expertise in a variety of industries. Brainpool's consultants will receive training in the core Kx technology and will be able to work as part of Kx project teams assembled to deliver ML to the Group's customers.

Brian Conlon, Chief Executive Officer of Kx, commented: "The interest from current and potential customers in using Kx for machine learning reinforces our belief that our technology has a major enabling role to play in supporting the development of ML and AI technology. The measures we have announced today will allow Kx to power real-time, mission critical ML applications and support our drive to position Kx across multiple industries."