The AI revolution is fast unfolding all across Wall Street. Even as banks in recent months have laid off thousands of workers and instituted hiring freezes, they nevertheless continue to pour money into artificial intelligence. But what are these financial institutions hoping to get out of their investment?

On this week’s episode of In the City, Olson is joined by Alexandra Mousavizadeh, co-founder and chief executive of consultancy Evident. Together, they break down the financial industry’s growing interest in the technology and its likely impact on productivity.