Bank of America Obsessed With AI, Says It’s the “New Electricity”

“’We are at a defining moment — like the internet in the ’90s — where Artificial Intelligence (AI) is moving towards mass adoption,’ the client note reads, ‘with large language models like ChatGPT finally enabling us to fully capitalize on the data revolution.’
Taking the comparison further, Israel added that software like OpenAI’s game-changing ChatGPT will become an essential commodity. ‘If data is the new oil,’ the strategist predicted, ‘then AI is the new electricity.’”