Report

AI boom reportedly boosts Wall Street’s profits

The Wall Street Journal reports rising investment-banking revenues and new AI millionaires becoming wealth-management clients.

1 Source, 20d ago, first seen 20d ago

TLDR

The Wall Street Journal reports that big banks are racing to finance an AI investment wave it says is on track to become the biggest investment in U.S. history. Investment-banking revenues are up, and wealth-management divisions are winning new AI millionaires as clients, the paper says.

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1 Source, first seen 20d ago