Skip to content
McKinsey sees AI adding up to $340B to Wall Street profit

McKinsey sees AI adding up to $340B to Wall Street profit

  • Business

Banks using generative artificial intelligence tools could boost their earnings by as much as $340 billion annually through increased productivity, according to consultants hoping to help the industry adapt in this fast-moving area.This would amount to a 9% to 15% increase in operating profits, according to a McKinsey Global Institute report published Tuesday. Corporate and