The IMD Wrap: Will banks spend more on AI than on market data?
As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.
The use of generative artificial intelligence across the capital markets and other industries and sectors is growing faster than analysts had expected, according to a report from 451 Research, which is part of S&P Global Market Intelligence. The acceleration in adoption prompted 451 Research to publish a “significant upward adjustment in market revenue predictions” for GenAI software spend, increasing its estimates for 2023 spend from $3.7 billion to $5.1 billion, and increasing its 2028
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