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ExaWizards extends gains for sixth straight day on joint venture with MS&AD Insurance to promote AX
ExaWizards Inc <4259> shares extended gains for a sixth straight session on Monday, hitting a fresh year-to-date high. Following Friday's close, the company announced it will establish a joint venture around June 1 with MS&AD Insurance Group Holdings Inc <8725> to promote business transformation leveraging AI and generative AI.
The new entity, MS&AD AX, will be 90% owned by MS&AD Insurance and 10% by ExaWizards. It will develop and implement AI agent solutions to transform operations and business models across MS&AD Group companies, while also cultivating AI talent. The venture aims to expand services and drive growth primarily in the property and casualty insurance and broader financial sectors.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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