Bank of America’s Enthusiasm for AI: Dubbed the New Electricity

Bank of America is obsessed with AI and says it’s \”the new electricity\”

Artificial intelligence is a hot topic in the financial sector. Bank of America has shifted its stance to the side of bots.

Haim Israel, a BofA equity analyst, boasted in a client note seen by CNBC, among other outlets, that AI is one of the top trends for this year to watch and invest in. He used all sorts of hypey language, to convince his clients.

The client note states that \”we are at a momentous time, similar to the internet’s mass adoption in the 1990s,\” where Artificial Intelligence is on its way towards widespread adoption. Large language models such as ChatGPT have enabled us to finally capitalize on the data-driven revolution.


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