Financial Services Leading AI Race
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ADOPTION Financial Services Leading GenAI Race
Financial services firms are emerging as unexpected leaders in AI adoption, according to a recent report by Databricks.
The industry leads in GPU usage, which is primarily associated with large language models, showing an 88% growth over a six-month period, per the report.
The industry's strict regulatory environment may actually be accelerating adoption rather than hindering it, per Databricks.
UBS’s AI Tool Scans 300,000 Firms in 20 Seconds
UBS Group AG has developed an AI tool to assist with M&A deals, capable of analyzing over 300,000 companies in less than half a minute.
The "co-pilot" generate…
