S&P Global partners with Eightfold AI to enhance workforce development

NEW YORK - S&P Global (NYSE:SPGI) announced Thursday a strategic collaboration with Eightfold AI to strengthen workforce development and enable skills-based career mobility across the company.

The partnership will implement Eightfold AI’s Talent Design framework to combine human expertise with AI capabilities for enhancing skills-based career architecture and benchmarking roles against global markets.

S&P Global will utilize the platform to help employees discover new internal career opportunities, access personalized learning resources, and develop skills aligned with organizational needs. The implementation focuses on three key areas: skills-based career pathing, curated learning recommendations, and talent intelligence to align workforce development with business strategy.

"This partnership with Eightfold AI marks another milestone in our commitment to propelling our people forward," said Girish Ganesan, Chief People Officer at S&P Global.

Ashutosh Garg, Co-Founder and CEO of Eightfold AI, noted that the collaboration "showcases the power of combining human insight with AI to unlock additional potential."

The initiative builds upon S&P Global’s existing AI adoption efforts, which include EssentialTECH education, mandatory "AI for Everyone" employee training, and internal tools like Kensho Spark Assist.

S&P Global provides data, expertise and technology solutions to governments, businesses and individuals across global capital, commodity and automotive markets.

This article is based on a press release statement from S&P Global.

In other recent news, S&P Global has announced its agreement to acquire With Intelligence for $1.8 billion. This acquisition aims to bolster S&P Global’s capabilities in the alternative assets sector, with With Intelligence projected to generate approximately $130 million in revenue by 2025. Additionally, S&P Global and CME Group have completed the sale of their joint venture, OSTTRA, to KKR for $3.1 billion, with the proceeds being split equally between the two companies.

S&P Global has also initiated the delivery of its Stablecoin Stability Assessments on-chain via Chainlink’s DataLink service, allowing decentralized finance applications to access these risk analyses in real-time. In terms of analyst activity, UBS has reiterated its Buy rating on S&P Global stock with a price target of $620, highlighting the company’s strong position in financial data and solutions. Similarly, Morgan Stanley has raised its price target for S&P Global to $620 from $615, maintaining an Overweight rating due to the company’s growth potential in high-growth areas. These developments reflect S&P Global’s strategic moves and the confidence analysts have in its future prospects.

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