BAC's Strategic AI Investments: Unlocking New Revenue Streams
Key Takeaways BAC links major AI investments to productivity gains and rising client revenues.The bank embeds AI across onboarding, recommendations and risk automation to fuel growth.BAC's tech spending shows a direct tie to quarterly revenue improvement and new business lines.Bank of America (BAC) is aggressively investing in artificial intelligence (AI) to boost productivity and create new revenue streams. With plans to allocate 13 billion technology budget into AI and related digital ...