From Goldman Sachs to JPMorgan, here's how the biggest banks on Wall Street are using AI

From Goldman Sachs to JPMorgan, here's how the biggest banks on Wall Street are using AI

Michael M. Santiago/Getty Images; Getty Images; BIBanks are racing to deploy generative AI tools to their employees.Business Insider has reported on how some of the biggest banks are approaching the technology.Citi and Morgan Stanley provided updates on their strategies during their third-quarter earnings. Wall Street is investing heavily in AI.From trading floors to back offices, banks are rapidly weaving generative AI into the fabric of their …

Wall Street Banks Invest Billions in AI for Trading and Efficiency

As artificial intelligence continues to reshape the financial sector, major Wall Street institutions are pouring billions into the technology, aiming to streamline operations and boost efficiency. JPMorgan Chase, the largest U.S. bank by assets, has emerged as a frontrunner, with over 2,000 AI and machine-learning experts on staff and plans to expand its data-science team significantly. This push is part of a broader strategy to integrate AI acr…