- “The figures suggest that the banking giant has steadily increased its share of AI research output from 30% in 2018 to 45% in 2023 amidst heavy investment in AI talent. The bank employs over 200 AI researchers, more than four times that of its nearest rival Royal Bank of Canada and nearly half of the talent pool available across the Top 10 banks for AI research.
- The arrival of Gen AI is also leading many banks to review where in the organisation the research team sits and ensure that are both central and federated approaches to organisation-wide AI use-case identification. It all comes down to how quickly you can scale AI across the bank.
- Evident notes that the Top 10 banks share common DNA – namely, they have centralised AI capability in a dedicated Research Lab or centre of excellence, which serves as a key lever to attract and retain leading talent.”
https://www.finextra.com/newsarticle/43670/jpmorgan-chase-dominates-ai-research-in-banking