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Itaú Unibanco acquires AI startup NeoSpace for R$ 2.9 billion
Itaú Unibanco has signed an agreement to acquire 100% of the shares of NeoSpace A.I. Technologies, a Brazilian startup specializing in foundational data models, for R$ 2.925 billion. The transaction, which is subject to approval from the Administrative Council for Economic Defense (Cade) and the Central Bank, will be paid in installments, with the final portion distributed over five years.
The acquisition deepens a partnership that began nearly two years ago. NeoSpace has already been providing services to Itaú, utilizing models trained on the bank's own data to enable generative artificial intelligence for credit analysis, customer relationship management (CRM), and fraud prevention. The technology is also expected to enhance the bank's generative AI assistant, ‘ia. i’, by providing more personalized and contextualized financial solutions.
NeoSpace will maintain its operational autonomy and existing team, with founder Bruno Pierobon remaining as CEO. Itaú aims to use this acquisition to strengthen its proprietary AI capabilities and accelerate the development of specialized tools for the global financial industry.
Entities
Brazil · Bruno Pierobon · Cade · Central Bank of Brazil · Itaú Unibanco · Milton Maluhy Filho · NeoSpace A.I. Technologies
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The transaction requires approval from Cade and the Central Bank of Brazil. valor.globo.com
- [○ 1 SOURCE] Bruno Pierobon will remain as CEO of NeoSpace. valor.globo.com
- [● 2 SOURCES] Itaú Unibanco is acquiring all shares of NeoSpace A.I. Technologies. www.noticiasaominuto.com.br · valor.globo.com
- [● 2 SOURCES] The acquisition price is R$ 2.925 billion. www.noticiasaominuto.com.br · valor.globo.com
- [● 2 SOURCES] NeoSpace has provided services to Itaú for almost two years. www.noticiasaominuto.com.br · valor.globo.com
- [● 2 SOURCES] The acquisition will support the evolution of Itaú’s generative AI assistant, ‘ia. i’. www.noticiasaominuto.com.br · valor.globo.com
- [○ 1 SOURCE] Part of the payment will be deferred over five years. www.noticiasaominuto.com.br
- [● 2 SOURCES] The technology will be used for credit, CRM, and fraud prevention. www.noticiasaominuto.com.br · valor.globo.com