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The Future of Banking with Trusted Generative AI

The Future of Banking with Trusted Generative AI

Published by: Research Desk Released: Mar 01, 2024

Of all the technological innovations since the birth of the Internet, Artificial Intelligence (AI) is in a class by itself.
According to PwC’s Global Artificial Intelligence study, AI could contribute up to $15.7 trillion to the global economy by 2030, as well as up to a 26% boost in GDP for local economies. Or as Chris Hyzy, Chief Investment Officer for Merrill and Bank of America Private Bank, puts it, “AI is going to transform the global economy as surely as electricity and the steam engine did in their own times.”

“We see a lot of new technology, and we get very, very excited about new technology,” said Greg Jacobi, GM and VP of Banking and Lending at Salesforce. “But the possibilities with generative AI are on par with the rise of the Internet.”