BNY doubles down on AI investments amid operating model overhaul
The bank’s CEO said he remains convinced of the potential of AI to enhance client offerings and increase the efficiency of employees.
The BNY has increased its investments in artificial intelligence as it begins moving its employees over to a new platform’s operating model, according to the firm’s CEO.
Back in November 2023, the 240-year-old bank made a bullish case for AI at the BancAnalysts Association of Boston Conference. It continued to wax lyrical about the many potential use cases of AI for banks in the first quarter of 2024, when executives revealed that the bank was deploying the Nvidia DGX SuperPOD, an AI data center
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