Amazon Web Services has announced a partnership with Clarity AI, a tech company known for delivering key environmental and social insights.
The partnership aims to harness AWS’s cloud services and Clarity AI’s platform for sustainable investing at scale. This collaboration is set to offer crucial sustainability insights to investors and consumers, helping direct funds towards environmentally positive companies.
Amazon Web Services (AWS) provides a comprehensive cloud platform with services including computing power, storage options, and networking. Its solutions are designed to help businesses scale and grow. On the other hand, Clarity AI specializes in analyzing extensive data points to assist investors in tracking and optimizing the sustainability impact of their portfolios. They also help consumers identify and purchase from sustainable brands.
Clarity AI’s platform runs on AWS and utilizes its generative AI, machine learning (ML), and analytics capabilities. This includes using Amazon SageMaker and Amazon EC2 GPU instances for training large language and natural language processing models. These models help in classifying data points from various reports and documents, crucial for sustainable investing and consumer purchasing decisions.
Clarity AI’s technology platform provides data on over 70,000 companies and 420,000 funds, and their integration with ecommerce platforms aids in highlighting sustainable brands. The partnership also addresses challenges like validating ESG performance data due to non-unified reporting standards and evolving regulations.
“Clarity AI board director and senior vice president of Product, Ángel Agudo, said, “AWS provides the cloud services, flexibility, and scale we need to be a data-driven company, to unlock the power of AI, and to deliver critical sustainability insights to investors, consumers, and organizations making key decisions that impact our planet and its inhabitants each and every day.”
Matt Garman, senior vice president of Sales, Marketing, and Global Services at AWS, added, “Generative AI has the potential to transform every application, business, and industry, and Clarity AI is a great example of how this technology can deliver important benefits for business, society, and the planet, helping the world make more sustainable investments and purchase decisions.”
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