From JPMorgan to Citi, here's how the biggest banks on Wall Street are using AI
Michael M. Santiago/Getty Images; Getty Images; BI Banks 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 billions in AI. From trading floors to back offices, banks are rapidly weaving generative AI into the fabric of their operations. The technology's influence is now reshaping not just workflows, but workplace culture. It's changing what it means to be a s oftware engineer , how junior bankers stand out , and even the roles inside the C-suite — all while firms explore how to deploy autonomous AI agents. And the shift is only just beginning. AI is on track to redefine 44% of the work done at banks by 2030, according to consulting firm ThoughtLinks. It's changing the power players at banks too. But it's also bringing on new ...
