Bank of America’s chief experience officer, Rob Pascal, details how the bank’s internal-facing AI assistant helps bankers collect, record, and review client data. Here are all the ways it’s helping employees be more effective and efficient.
Here’s everything we know about how Wall Street banks are embracing AI
August 20, 20240
AI hits the investment bank
Investment bankers are hopeful that corporate America’s obsession with AI could kick off a new era of mergers, acquisitions, and IPOs. From execs stepping into recently created roles to accommodate the sector to industry veterans launching their own AI-focused M&A-advisory firm, meet 11 investment bankers poised to lead Wall Street’s AI revolution.
AI could save junior bankers time by automating tedious tasks known all too well by Wall Street’s youngest ranks. But it can also make it harder to break into the industry by shifting the skills required for entry.
A former Goldman Sachs managing director built an AI-powered networking tool to spur dealmaking. The budding startup, Louisa AI, already has a few clients, including Goldman Sachs, Insight Partners, and a global exchange.
Here’s how former investment bankers left their Wall Street jobs to build an AI startup to solve junior bankers’ woes.