This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Six highlights from this post: Goldman Sachs and Morgan Stanley see their stocks soar as the AI boom fuels big bank; Forecasting the Economic Effects of AI; The new, AI-powered Google Finance is expanding to more than 100 countries; Wall Street Banks Cut 5,000 Jobs Even as They Notched Record Profits; Financial institutions are no longer just managing risk and capital: They are building algorithms, deploying machine learning models; and UNC Charlotte unveils M.S. in Financial Engineering and Fintech to meet rising demand for AI-driven finance talent.

Read more