Wall Street giants reported their quarterly earnings in bunches this week and AI was a hot topic. Big banks are worth watching when it comes to AI because they have a few unique characteristics including:
Big banks can build their own AI.
The companies see AI as a way to drive the top and bottom lines.
There’s a heritage of building their own systems.
Big banks don’t let vendors dictate their architecture. See: Don’t let your vendor’s AI strategy become yours
And these financial giants have the data, engineering knowhow and talent.