Generative artificial intelligence (AI) could well be one of the most transformative technologies for the investment banking industry. Deloitte predicts that the top 14 global investment banks can boost their front-office productivity by as much as 27%–35% by using generative AI. This would result in additional revenue of US$3.5 million per front-office employee by 2026.
The allure of generative AI powered by transformer models has not escaped investment bankers’ attention. The potential of the technology to transform investment banking activities seems to be vast, and the applications are far-ranging.
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Publisher: | Deloitte |
Published: | July 27, 2023 |
License: | Copyrighted |
Copyright: | © 2023 Deloitte Development LLC. All Rights Reserved. |