UBS invests in Domino Data Lab, expands AI partnership

UBS has made an equity investment in Domino Data Lab and expanded their strategic partnership to support the bank's artificial intelligence initiatives, according to a joint announcement from both companies. A UBS representative will join Domino Data Lab's board as an observer.

The partnership builds on over five years of collaboration through RiskLab, UBS's platform for AI model development and validation built on Domino's technology. The platform provides what the companies describe as a secure and auditable foundation for AI model development within UBS's environment.

UBS (NYSE: UBS) plans to roll out this approach across the bank to streamline AI model development and deployment. The Swiss bank manages $6.6 trillion of invested assets as of the second quarter of 2025, according to the announcement.

"At UBS, we're making bold choices to ensure we're an AI-enabled institution – leveraging cutting-edge technologies to deliver smarter, faster, and above all, more responsible innovation that benefits our clients, people, and shareholders," said Stephan Hug, Head of Group Functions Technology at UBS.

Domino Data Lab provides an enterprise AI platform that encompasses model development, machine learning operations, collaboration, and governance tools. The San Francisco-based company was founded in 2013 and counts Sequoia Capital, Coatue Management, NVIDIA, and Snowflake among its investors.

"There is a tremendous opportunity for AI to help safeguard financial markets and improve customer experiences," said Nick Elprin, co-founder and CEO of Domino Data Lab.

The expanded collaboration will support UBS's broader AI strategy by embedding risk-based approaches to model development across the organization. UBS operates in more than 50 markets globally and is headquartered in Zurich, Switzerland.

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