Most U.S. banks — 80% in fact — increased their artificial intelligence spending for 2025, according to American Banker's ...

UBS is using OpenAI and Synthesia tools to generate scripts from analysts' research notes that are then edited. It aims to ...

The so-called "index effect" can boost a stock's price if only temporarily (at best). The possibility of graduating to a ...

Bank of America says it is seeing results from its artificial intelligence efforts, with most of its 213,000 employees using the company's virtual assistant or other forms of AI. By answering ...

Bank of America will invest $4 billion in AI and related technology innovations this year, but the financial services giant’s 7-year-old homemade AI agent, Erica, remains a key ROI generator ...

Some financial institutions are prioritizing internal AI tools to enhance daily operations. For example, Morgan Stanley and Bank of America have trained staff to use AI with human supervision.

Bank of America has reached a major milestone in its AI journey: More than 90% of its 213,000 employees now leverage the Erica for Employees virtual assistant, the company said in a Tuesday ...

BofA plans to spend $4B on AI over the next year, nearly one-third of its annual tech budget. More than 90% of employees now use the bank’s internal AI assistant, driving major productivity gains.

Bank of America(BofA) uses innovative technology to meet and anticipate the needs of its clients and 213,000 employees. For many years, this commitment has carried through in its approach to AI ...

The use of AI in banking was a topic in April, as Bank of America revealed it will spend $4 billion on AI initiatives in the coming year. The bank cited AI’s usefulness in reducing IT support ...

Alphabet stock sank on Wednesday after comments from an Apple executive stoked concerns that artificial intelligence is ...