AI in Finance: Wall Street Banks Roll Out New Tools for ChatGPT Era

Deutsche Bank AG is using artificial intelligence to scan wealthy client portfolios. ING Group NV is screening for potential defaulters. Morgan Stanley says its bankers are “experimenting” in a “safe and contained environment.” Meanwhile, JPMorgan Chase & Co. is hoovering up talent, advertising for more AI roles than any of its rivals.

The AI revolution is unfolding on Wall Street as wider interest grows in the evolving technology and its likely impact on business. At the most enthusiastic banks, about 40% of all open job roles are for AI-related hires such as data engineers…