Micron Technology Puts Its Cash to Work Using Artificial Intelligence
“The technology gives Micron recommendations for different asset classes and financial institutions that promise the highest yield. It takes into consideration the company’s limits for the amounts of money it can deposit with a particular institution or invest in a certain type of asset. Micron, which makes memory chips and storage devices for things ranging from cars to data centers, has relationships with more than 20 banks globally.
The AI application, in use since the second quarter, has generated additional yields in the low millions compared with what the company would have earned without it, according to Mr. Routin.”