Wall Street’s biggest banks are racing to embed AI across their operations, reshaping workflows, boosting productivity, and redefining roles. JPMorgan has deployed proprietary generative AI tools to over 200,000 employees, with CEO Jamie Dimon touting $2 billion in savings.
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Wall Street Banks Focusing on AI
Citigroup’s agentic AI pilot has saved 100,000 developer hours weekly, while Goldman Sachs rolled out an internal AI assistant and partnered with Cognition Labs to supercharge coding. Morgan Stanley’s DevGen.AI saved 280,000 developer hours in six months.
From performance reviews to wealth management, AI is transforming how banks operate—though leaders warn that data strategy, workforce training, and ethical oversight remain critical.
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