Goldman Sachs' CEO David Solomon said AI is now a regular part of his conversations with clients and is spawning "enormous opportunities" for the bank.
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Decentralized Innovation Strategist | Decentralized AI | SmartContracts | Intangible Asset Finance |Tokenization | Intelligent Agent Economy | Knowledge Discovery | Agentization
North American banks dominate the index, with six of the top 10 positions: J.P. Morgan, Capital One and RBC are joined by Wells Fargo, Goldman Sachs and Citi #BankingIndustry #AIAdoption #AIforBusiness #AI #ArtificialIntelligence #AIUseCases #4IR #FourthIndustrialRevolution
JPMorgan Chase tops bank AI index
finextra.com
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Excited to announce the launch of The Dispatch. Our new monthly report unpacking the latest trends from the data that fuels the Evident AI Index. In our first Dispatch, we dive into the state of AI research across the banking sector. Which banks are building AI research teams? How are they doing it? Who is leading and who is lagging behind? Key findings include: - JPMorgan Chase & Co. dominates: the bank was responsible for 45% of all AI research published by the banks in 2023 - Growth across the board: 2023 saw a 30% increase in AI research published by banks compared to the previous year - Banks to watch: HSBC, BBVA and Goldman Sachs look poised to make outsized gains in 2024 The full report is available for Evident members. Find out about membership or download an excerpt of the report here: https://lnkd.in/efCU3MdB #evident #ai #artificialintelligence #banking #finance
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Our new data highlights the five banks accelerating in AI innovation. - AI innovation in the big banks is ramping up, with 100s of new patents and papers published in the past six months. - Evident analysis reveals the five biggest movers: JPMorgan Chase & Co. leads on AI research; Bank of America and BMO impress on AI patents; Citi and Goldman Sachs drive AI start-up investments. - According to Evident, banks’ AI innovation pedigree is now translating into improved market performance. Access to the full report is for Evident members only. To find out more about membership, or to download an excerpt, click here: https://lnkd.in/eK275RJs #evident #ai #artificialintelligence #banking #finance
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Dive into the Future of #banking & #ai with Our Latest Blog! As we embrace the exciting prospects of the new year, global businesses are accelerating their investment in Artificial Intelligence (AI). The race is on, with companies poised to challenge rivals on growth, productivity, and financial performance. Falling behind in this AI revolution risks irrelevance in an ever-evolving marketplace. Our latest blog, featuring insights from Evident CEO, Alexandra Mousavizadeh assesses the AI maturity of the world's top 50 banks. Tracking their capabilities in Talent, Innovation, Leadership, and Transparency, this comprehensive analysis provides a glimpse into the AI landscape. ⭐ Three North American giants, JPMorgan Chase & Co., Capital One, and RBC, are leading the pack, setting the standard for AI-first banking. Their strategic vision and robust transformation efforts position them as market leaders in 2024. Joining the top 10 are Wells Fargo, Goldman Sachs, Citi, along with APAC leaders CommBank and DBS Bank, and European institutions UBS and ING. However, European banks, particularly from the UK, are generally lagging, while smaller US banks face the challenge of catching up in an increasingly competitive market. The rankings reveal a dynamic AI landscape, with banks determined to close the gap, driving more activity, investments, output, and strategic announcements. The collective pursuit of AI maturity continues to advance and evolve, shaping the future of the banking industry. 🔗 Read more: https://lnkd.in/egk-bQHe #banking #futureofbanking #innovationleadership #bankingrevolution #ai #financialservices
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Senior Consultant @ EY | Mentor @ Toronto Regional Immigration Council (TRIEC) | Promoter of Positivity and Kindness
It's fascinating to see how AI is reshaping the strategies and operations of major banks like Goldman Sachs, JPMorgan Chase, Bank of New York Mellon, Bank of America, BlackRock, and Charles Schwab. Read more to know each CEO's perspective and the organization's approach to leveraging AI to stay competitive and meet the evolving needs of their clients and shareholders. #AI #Banks #FinacialServices
The CEOs of JPMorgan, Goldman Sachs and more on AI and banks — Quartz
apple.news
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Do successful banks continuously reinvent themselves through innovation? Thank you to Global Technology Correspondent, Ryan Heath, for this piece in Axios highlighting the key takeaways from the Evident AI Innovation report and capturing insights from Jeff McMillan, Head of Firmwide AI, Morgan Stanley. Our report highlighted that JPMorgan Chase & Co. dominates AI research, with 45% of all papers published by banks in 2023, while Bank of America and Capital One account for 67% of all AI-focused patent filings. Want to know which other banks are driving AI innovation? Download an excerpt of the report here: https://lnkd.in/ernq-sgZ Read the full article here: https://lnkd.in/ejq2fJMV #evident #ai #artificialintelligence #banking #finance
Big banks are in a race to get AI right
axios.com
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Just launched: The Dispatch. Our new monthly report unpacking the latest trends from the data that fuels the Evident AI Index. In our first Dispatch of the year, we dive into the state of AI research across the banking sector. Which banks are building AI research teams? How are they doing it? And who is lagging behind? Key findings include: - JPMorgan Chase & Co. dominates: the bank was responsible for 45% of all AI research published by the banks in 2023 - Growth across the board: 2023 saw a 30% increase in AI research published by banks compared to the previous year - Banks to watch: HSBC, BBVA and Goldman Sachs look poised to make outsized gains in 2024 The full report is exclusively available for Evident members. Find out more about membership or download an excerpt of the report here: https://lnkd.in/efCU3MdB #evident #ai #artificialintelligence #banking #finance
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Happy Monday everyone! 🌦 I hope everyone had a great weekend. Sharing some interesting news from last week: Bank Leaders are taking deep precautions when using AI/ML for taking financial decisions. On my perspective, I believe that markets are driven by financial decisions based on risk analysis and most of the times, feelings. Something that AI/ML will not sympathize. Bias point: Most of the traders mention that an "excelent" trader has to be a cold person when taking financial decisions, either in profit or loss. Most accurately, without feelings or emotional changes. Would it be responsible to leave financial decision on a AI/ML, or in a human capable of taking good/bad decisions based on the emotions? Open to discussion! #AI #ML #Fintech #Hiring #Bank #OpenAI #stocks *Find the article attached below* https://lnkd.in/gGfNEQGw
UPDATE 1-Banks told to anticipate risks from using AI, machine learning
finance.yahoo.com
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Watch McKinsey Says AI Could Be Game Changer for Banks - Bloomberg: According to Renny Thomas from McKinsey Co., the rise of technology and AI will have a transformative impact on the banking industry. - Artificial Intelligence topics! #ai #artificialintelligence #intelligenzaartificiale
McKinsey Says AI Could Be Game Changer for Banks
bloomberg.com
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Banks to watch: HSBC, BBVA and Goldman Sachs. Data from Evident's latest Dispatch showed these banks have seen a significant increase in publications of AI research in 2023, revealing increasing momentum in this space. Interested in finding out which other banks are ramping up their AI research capabilities? The full report is exclusively available for Evident members. Find out more about membership or download an excerpt of the report here: https://lnkd.in/efCU3MdB #evident #ai #artificialintelligence #banking #finance
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