Huawei Cloud FinTech Summit Unveils Pangu Finance Model in Abu Dhabi

Huawei Cloud FinTech Summit Unveils Pangu Finance Model in Abu Dhabi

Dubai, UAE: In a groundbreaking move, Huawei Cloud unveiled the Pangu finance model and the distributed database GaussDB tailored to the financial industry at the Huawei Cloud FinTech Summit Middle East and Central Asia 2023, held during the Abu Dhabi Finance Week (ADFW) in the United Arab Emirates. This marks the first time these cutting-edge solutions have been made available to countries and regions outside of China.   During the Summit, Frank Dai, President of Huawei Cloud Middle East and Central Asia, emphasized the transformative impact of the finance model, highlighting its ability to reshape every key link in the financial service chain. To fully harness the power of foundation models, Dai stressed the need for financial institutions to foster collaborative innovation centered on high-quality data, leveraging productivity, intelligence, and computing power. By unlocking scenario-driven innovative value, combining foundational models with financial expertise, and establishing a computing power foundation that supports efficient model training, financial institutions can empower themselves to build more professional finance models. This, in turn, will drive the flywheel effect of the finance model, propelling the financial industry towards comprehensive intelligence.  Pangu Finance Model Debut   "In the financial industry, foundation models can help financial institutions greatly