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| By Pixels.com |
Bank of America is now investing 13 billion dollars in modern technology.
The main reason is that with the world changing, everyone wants to save the privacy of their customers. And to reach more customers.
In $13 billion, 4 billion dollars only for AI projects like smart assistants.
This will guide and automate your banking tasks like savings, emergency fund, and transactions on a daily basis.
They already filed 1400 AI patents, which shows how serious they are. Banks believe that AI will make their services cheaper and faster.
My Personal opinion is it's a great investment, especially in AI projects.
Because when I use the bank app, I face lots of difficulties in savings, transactions, and emergency fund saving. The second reason is that it is a time-consuming process.
Maybe it will make our difficulties easier.
What's your opinion?