Banks using AI. What can (not) go wrong? https://www.bloomberg.com/news/feat...inance-ai-has-wall-street-rushing-to-catch-up " Wall Street Banks Are Using AI to Rewire the World of Finance Lenders are experimenting with artificial intelligence. Not even Warren Buffett is sure what happens next. By William Shaw and Aisha S Gani May 31, 2023, 11:01 PM UTCUpdated onJune 1, 2023, 2:19 PM UTC Deutsche Bank AG is using artificial intelligence to scan wealthy client portfolios. ING Group NV is screening for potential defaulters. Morgan Stanley says its bankers are “experimenting” in a “safe and contained environment.” Meanwhile, JPMorgan Chase & Co. is hoovering up talent, advertising for more AI roles than any of its rivals. The AI revolution is unfolding on Wall Street as wider interest grows in the evolving technology and its likely impact on business. At the most enthusiastic banks, about 40% of all open job roles are for AI-related hires such as data engineers and quants, as well as ethics and governance roles, according to new data from consultancy Evident. [...] "
%% Looks like ING+ JPM are using[ machine learning better ], as AFA conservative radio network noted + named it . Positive for 2023 YTD. DB has such a lowPE= with 2020 hindsight\they may have done much better if thy had tried to talk Boaz Weinstein in staying. Sorry for DB ,he left in 2008. Looks like him watching Wall Street Week with the Lewis punster +Stan Weinstein as a kid, may have helped him .