BofA says AI is boosting bankers' productivity, revenue

Core Insights - Bank of America plans to invest billions of dollars in technologies, particularly artificial intelligence, to enhance banker productivity and increase revenue [1] Investment Strategy - The investment will focus on technologies that can streamline operations and improve efficiency within the bank [1] - The chief technology and information officer emphasized the importance of these technologies in driving future growth [1] Revenue Generation - The initiative aims to not only boost productivity but also to create new revenue streams for the bank [1] - By leveraging advanced technologies, the bank seeks to maintain a competitive edge in the financial services industry [1]