Kevin Brunner, one of the heads of JPMorgan Chase's investment banking division, stated that artificial intelligence has already moved from the stage of “inflated expectations” to the era of real application.
Modern.az reports that he spoke about this to Bloomberg.
According to him, artificial intelligence is no longer a technology of the future and has begun to directly affect business processes.
Brunner noted that banks and large companies are rapidly implementing AI technologies to automate operations. In this context, Standard Chartered plans to cut approximately 8,000 support positions over the next four years. It is reported that this process will be partly carried out due to the application of artificial intelligence.
According to the JPMorgan official, artificial intelligence will become one of the key factors in major acquisitions and mergers, as well as market changes in the coming years. He believes that AI will be the main factor determining winners and losers in various fields.
