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☆ How Wall Street's biggest banks are actually looking at using AI, according to patent filings
  + stars: | 2024-03-04 | by ( Bianca Chan | ) www.businessinsider.com   time to read: +4 min
Big banks have accelerated the pace of patents filed for AI and AI-related innovations, according to new data from consultancy Evident. There were 854 new patent filings in the year ending June 2022, up 21% from the same period the year prior, according to Evident. There are also knock-on effects, like how a strong patent culture can help banks stand out in the war for talent. This patent data, pulled from Google's patent database, accounts for the 12-month period ending in June 2022. JPMorgan Chase, which leads Evident's AI research index, follows with 120 AI and AI-related patent filings.
Persons: Banks, Alexandra Mousavizadeh, Mousavizadeh, America's Erica, One's Eno, Sumeet Chabria Organizations: Business, Capital, Bank of America, JPMorgan Chase, chatbots, Bank, America's
☆ Bringing A.I. Tools to the Workplace Requires a Delicate Balance
  + stars: | 2023-05-08 | by ( Kevin J. Delaney | ) www.nytimes.com   time to read: +2 min
If the research plays out in broader practice, that could potentially lead some companies to invest more in junior staff members, while going lighter on more expensive workers who have been around longer. Some companies are already starting to make staffing decisions based on the anticipated impact of A.I. IBM recently said it was slowing or stopping hiring for some back-office roles, such as human-resources functions, that could be replaced by A.I. will raise customer expectations, said Bivek Sharma, the chief technology officer for PwC Global Tax and Legal Services. start-up creating tools for lawyers, to roll out a chat A.I.
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