Business · Companies · 2 hrs ago
Inter partners with xAI to process superapp data and expand AI use
Brazilian digital bank Inter has formed a strategic partnership with xAI to expand its use of artificial intelligence.
The agreement will let xAI process large volumes of data from Inter’s superapp and support Seven, the bank’s customer-facing AI agent.
Inter CEO João Vitor Menin said the aim is also to improve the experience and interface for users.
He compared the deal to Inter’s earlier agreement with Amazon for cloud services, describing it as a similar strategic move.
The partnership is part of Inter’s effort to modernize and expand its global platform, which serves customers in Brazil, the United States and Argentina.
The bank has not announced a timeline for the changes, but says xAI will provide the platform for processing the data.
Inter announced a strategic partnership with xAI to process data from its superapp and expand the use of artificial intelligence.
CEO João Vitor Menin said xAI will process large volumes of data and support Seven, Inter’s consumer-facing AI agent.
The bank also aims to improve the interface offered to users.
Menin called the partnership emblematic in Inter’s history and compared it with the bank’s earlier cloud-services agreement with Amazon.
Inter customers in Brazil, the United States and Argentina can use its Global Account to access a US brokerage for buying shares.
- Who
- Inter and xAI. The agreement was announced by Inter global CEO João Vitor Menin.
- What
- A strategic partnership to process superapp data and expand AI use.
- When
- Not stated. Menin revealed the agreement in an interview after Inter recorded a third-quarter profit record.
- Where
- Not stated.
- Why
- To process large volumes of data, support Seven and improve the user experience.
This story does not have two clearly opposing sides.
Inter recorded a record profit.
João Vitor Menin revealed the xAI partnership in an interview with CNN Money.
- Partner
- xAI
- Inter AI agent
- Seven
- Inter CEO
- João Vitor Menin
- Earlier cloud-services partner
- Amazon
- Customer markets mentioned
- Brazil, the United States and Argentina
What people are saying
This company will be the platform Inter will use to process all that data
I say it even gives a sense of déjà vu
bring what is most modern, what is most advanced
reinvent the experience