Agentic AI – Finance & the ‘Do It For Me’ Economy
“The financial services sector is the second largest consumer of GenAI after the telecom and media sector. Historically, banks are the biggest spender on technology (outside of the tech industry). This trend will likely continue with GenAI and agentic AI too. Agentic AI Use Cases Across Financial Services…”
Push past proof of concept fatigue to untap gen AI’s power
“How can banks course correct and pivot gen AI towards profitability? The answer is deceptively simple: focus. Amid the frenzy surrounding gen AI, focus is key to operationalizing the technology and enabling the rollout of a consistent flow of high impact use cases. This approach balances the risks of gen AI with its potential for innovation. It starts with data, then builds an enabling infrastructure and governance organized for the long term. Most importantly, it never loses the human element.”
Banks fire up coding assistants as AI costs plummet
“Citigroup armed 30,000 developers with generative AI coding tools and rolled out a pair of generative AI-powered productivity enhancement platforms to its broader workforce last year. Goldman Sachs aims to furnish roughly 10,000 employees with an AI assistant by the end of the year, the bank’s CIO Marco Argenti told CNBC this week.”
The tipping point for Generative AI in banking: Why 2025 will be a watershed year
“Advancements in AI are allowing banks and other fintechs to embed the technology across their entire value chain. For example, TBC is leveraging AI to make 42% of all payment reminder calls to customers with loans that are up to 30 days or less overdue and is getting ready to launch other AI-enabled solutions.”
Gurman calls Apple’s new smart device “the most significant new Apple product” of 2025
“This information contradicts earlier leaksthat predicted a six-inch screen, but they do corroborate other details like the idea Apple would combine an iPad and AI features with a HomePod. Other details are still known, like whether the device will use an original operating system. The overall plan is to make the new smart device the center of an Apple-based smart home and open the doors to a more conversational Siri.”
Which AI to Use Now: An Updated Opinionated Guide
“The problem is that most of the AI companies push you towards their smaller AI models if you don’t pay for access, and sometimes even if you do. Generally, smaller models are much faster to run, slightly less capable, and also much cheaper for the AI companies to operate. For example, GPT-4o-mini is the smaller version of GPT-4 and Gemini Flash is the smaller version of Gemini. Often, you want to use the full models where possible, but there are exceptions when the smaller model is actually more advanced. And everything has terrible names. Right now, for Claude you want to use Claude 3.5 Sonnet (which consistently outperforms its larger sibling Claude 3 Opus), for Gemini you want to use Gemini 2.0 Flash (though full Gemini 2.0 is expected very soon), and for ChatGPT you want to use GPT-4o (except when tackling complex problems that benefit from o1’s reasoning capabilities). While this can be confusing, it is also a side effect of how quickly these companies are updating their AIs, and their features.”