How Nasdaq is Leveraging AI To Make Life Easier for Board Members and Executives

Nasdaq has introduced new artificial intelligence capabilities for its Nasdaq Boardvantage® board portal, with the goal of helping board members and executives reduce cumbersome processes and energize their day-to-day work. The new AI capabilities, powered by Microsoft’s Azure OpenAI Service, are designed to summarize and parse reports, presentations, agendas, and other documents, with the goal of helping board members make more informed decisions by bringing essential information to the forefront. Integrating AI into Nasdaq Boardvantage may  help save time and cut costs for board members and corporate secretaries – helping reimagine their boardroom experience.

“The future of the boardroom is at an inflection point – board members are facing ever-evolving pressures and are expected to manage increasing risks and responsibilities with historically limited technological support,” said Jeff Thomas, Executive Vice President of Nasdaq’s Corporate Platforms business. “The document summarization capability is the first of a series of planned AI-enabled offerings for Nasdaq Boardvantage customers as we bring an intelligent layer to the board portal.”

Nasdaq and Microsoft will continue to collaborate on more generative AI capabilities for Nasdaq Boardvantage using Microsoft Azure OpenAI, with the potential to help more than 4,500 clients of Nasdaq Governance Solutions unlock productivity and inform decision making.

“We are excited to collaborate with Nasdaq on innovative, AI-powered solutions to better serve its clients around the world,” said Judson Althoff, Executive Vice President and Chief Commercial Officer at Microsoft. “By migrating its board portal application Nasdaq Boardvantage to the Microsoft Cloud, Nasdaq is able to unlock new generative AI experiences—including a document summarization capability built on Azure OpenAI Service — to help board members increase efficiency of communications and gain insights for more informed decision-making.”

In a global governance survey, Nasdaq noted that boards are looking for technology that increases efficiency and helps them make data-informed decisions. A large majority of respondents expect steady or increased scrutiny and time commitments for their board service. Automating time-consuming, tedious board processes like summarization with generative AI will have the potential to help members be better prepared for meetings and allow them to focus their attention on vital board initiatives, rather than manual governance processes.

Learn more about how Nasdaq Boardvantage is helping directors, committees and leadership teams future proof their organizations.

Cautionary Note Regarding Forward-Looking Statements:

Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “may,” “potentially,” “expects,” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the performance of, and customers’ experience with, product features in the Nasdaq Boardvantage® Board Portal. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.