UBS Takes Stake in AI Advisor Platform
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UBS is taking a stake in an artificial intelligence platform that matches institutional clients with investment experts.
UBS has invested $5 million in Lynk in its latest funding round, taking the technology company’s total funding to $35 million, Lynk said in a press release Wednesday. Lynk says it has a network of more than 840,000 global experts. Its proprietary technology is driven by an AI data engine that indexes individuals based on their experience and expertise to match users with subject matter experts on its platform.
Lynk was founded by Peggy Choi in 2015. The firm has eight offices, including New York, Hong Kong, Singapore, Mumbai, Shanghai and Toronto.
UBS announced a global alliance with Lynk in May for its institutional investor clients and subscribed to the platform in 2020. The collaboration is run via UBS Investment Bank’s principal investment team.
Questions & Answers
Q.What is the primary function of the AI platform Lynk?
What is the primary function of the AI platform Lynk?
Lynk's platform uses an AI data engine to index individuals based on their experience and expertise. It then matches institutional clients with suitable investment experts from its network of over 840,000 global professionals.
Q.How much has UBS invested in Lynk, and what is Lynk's total funding?
How much has UBS invested in Lynk, and what is Lynk's total funding?
UBS has invested $5 million in Lynk as part of its latest funding round. This investment brings the technology company's total funding to $35 million, as confirmed by Lynk in a press release.
Q.When did UBS first begin collaborating with Lynk?
When did UBS first begin collaborating with Lynk?
UBS subscribed to the Lynk platform in 2020. This collaboration was later formalised as a global alliance in May, specifically for UBS's institutional investor clients.
Q.Which part of UBS is managing the collaboration with Lynk?
Which part of UBS is managing the collaboration with Lynk?
The collaboration between UBS and Lynk is being run through the principal investment team of UBS Investment Bank. This team oversees the alliance with the AI advisor platform.
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