Most Investment Banks Are Applying AI According To This Study

📆 9/18/2024 12:17 PM
📰 ForbesTech

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John Werner has created a career out of bringing ideas, networks and people together to generate powerful results. John is a Managing Director and Partner at Link Ventures. John's deep curiosity and penchant for problem-solving led him to a diverse set of roles spanning many fields and interests.

But none of that really took off to any large degree, especially non-fungible tokens, which were touted as the best new investment, but ended up as a cratered market when people decided that NFTs just weren’t that cool anymore.

Farsight AI did a survey on 50 industry professionals representing different kinds of financial businesses. What they found relates to how AI is being used in the sector… Noting that around 2/3 of investment banks surveyed have at least created a pilot program with AI, the study also found more adoption in boutique and middle market businesses, which the team characterized as investment banks with less than 500 employees. Researchers wrote:“While larger banks are experimenting with genAI, few apps and use cases are being used consistently in production at that scale.

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