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Brief news summary
Rocket Companies, a Detroit-based fintech platform company, has appointed Shawn Malhotra as its Chief Technology Officer (CTO). Malhotra brings decades of experience in engineering, product development, and AI strategy from tech and media companies such as Thomson Reuters, Intel, and Qualcomm. In his new role, he will oversee technology development and implementation, including AI, data science, product engineering, technology operations, and information security. The company aims to leverage AI to simplify and automate processes in order to advance its vision of AI-fueled homeownership. Malhotra's appointment comes at a pivotal time for Rocket Companies, following the recent launch of Rocket Logic and Rocket Logic – Synopsis, tools that automate manual tasks using generative AI. Rocket Companies is a fintech platform that offers personal finance and consumer technology brands focused on helping clients achieve homeownership and financial freedom through digital solutions.Rocket Companies, a fintech platform company based in Detroit, has appointed Shawn Malhotra as its Chief Technology Officer (CTO). Malhotra brings extensive experience in engineering, product development, and AI strategy, having previously worked for companies like Thomson Reuters, Intel, and Qualcomm. As CTO, Malhotra will be responsible for overseeing technology development in areas such as AI, data science, product engineering, technology operations, and information security.
His primary objective will be to accelerate innovation and execution, particularly in Rocket's AI initiatives aimed at simplifying and automating processes related to homeownership. Malhotra's appointment comes at a significant time for Rocket Companies, as they recently announced the launch of Rocket Logic and Rocket Logic - Synopsis, tools that utilize generative AI to automate manual tasks.
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