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Financial institutions are forecast to double their spending on AI by 2027

Artificial intelligence tools and the people to use them are the new must-haves for the world’s financial institutions and central banks.

In June 2023, JPMorgan Chase & Co. had 3,600 AI help-wanted postings, according to Evident Insights Ltd., a London-based start-up tracking AI capabilities across financial services companies.

“There’s a war for talent,” said Alexandra Mousavizadeh, the founder of Evident Insights. “Making sure you are ahead of it now is really life and death.”


https://www.imf.org/en/Publications/fandd/issues/2023/12/AI-reverberations-across-finance-Kearns