McKinsey sees AI adding up to $340B to Wall Street profit
Generative AI to boost bank earnings
Banks using generative artificial intelligence tools could boost their earnings by as much as $340 billion annually through increased productivity, according to consultants hoping to help the industry adapt in this fast-moving area. This would amount to a 9% to 15% increase in operating profits, according to a McKinsey Global Institute report published Tuesday. Corporate […]
Already subscribed? Log in
