Bank of America has reached a major milestone in its AI journey: More than 90% of its ... Some of that spending supports regularly scheduled innovation sessions to workshop potential use cases.

The chipmaker recently reached a partnership with Saudi Arabian AI startup Humain to help build a $10 billion AI-computing ...

Bank of America on Monday raised its price target on Palantir Technologies Inc. (PLTR) to $150 and maintained a Buy rating on ...

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 ...

Banks are utilizing generative AI across multiple functions, from trading and marketing to data management. JPMorgan CEO ...

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.

Morgan Stanley and Bank of America have trained staff to use AI with human supervision. This article is part of "AI in Action," a series exploring how companies are implementing AI innovations.

Research from American Banker finds banks are top AI users and plan to stay at the top for the future. But can rising costs hurt chances for positive results?