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.

The AI revolution is fast unfolding all across <a href="bbg://news/stories/RVKVSJT0G1KW" data-web-url="https://www.bloomberg.com/news/features/2023-05-31/jpmorgan-s-push-into-finance-ai-has-wall-street-rushing-to-catch-up" data-cke-saved-href="bbg://news/stories/RVKVSJT0G1KW">Wall Street</a>. 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.

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know.

Every week, Francine Lacqua and David Merritt go behind the scenes in the City of London, uncovering stories and speaking to the people that matter.

In the City

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know.

In The City

Wall Street Banks Are Using AI to Rewire the World of Finance

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3e26551c-6621-4782-8bea-b01a0143de65/transcript

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