The Oxford-UBS Centre for Applied Artificial Intelligence (AI) will aim to "deepen the understanding of the power of AI through cutting-edge research and promote its practical application" according to a joint statement. The centre, which involves Oxford Saïd Business School, the university's mathematical, physical and life sciences division and UBS, will facilitate a number of independent research projects on AI as well as joint initiatives between the centre's researchers and UBS practitioners designed to "apply their findings to real-world applications". The research facility will be led by a newly endowed UBS professor for applied AI at Oxford Saïd with support from a team of 20 researchers. The centre's work will focus on three areas - AI and society including governance and the future of work; AI for business and economy, including the technology's role in financial services; and AI futures including the development of AI models and their applications. "AI represents a fundamental opportunity to change how we operate and create value for clients," said Mike Dargan, UBS group chief operations and technology officer. "We are delighted that UBS will be partnering with the University of Oxford to foster pioneering AI research and develop practical tools and solutions that can be implemented at scale across our firm, accelerating our journey to become a fully AI-enabled institution and shaping the future of financial services." The announcement of the AI centre comes just weeks after UBS appointed JP Morgan's Daniele Magazzeni as its first chief AI officer.
By on 2025-12-09 08:00:00
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