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The AI in Business Podcast

The Implications of Generative AI on Investment Banking - with Andrea Haskell and Val Srinivas of Deloitte

Nov 17, 2023
27:49
Snipd AI
Andrea Haskell and Val Srinivas from Deloitte discuss the impact of generative AI on investment banking, including automating tasks like news analysis and M&A. They explore the implications on talent, risk management, and technology adoption, emphasizing the importance of control points for reliable output and the potential for augmented technologies to elevate workers' focus on higher-value work.
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Podcast summary created with Snipd AI

Quick takeaways

  • The use of Generative AI tools in investment banking can improve front office activities by up to 35%, reducing manual work and allowing junior analysts to focus on higher-value tasks.
  • Integrating Generative AI into existing AI infrastructure provides opportunities for enhanced productivity and revenue growth in investment banking, but investment banks must adapt and maintain a competitive edge as the technology advances rapidly.

Deep dives

The Productivity Boost in Investment Banking with Gen AI

The Deloitte report highlights that investment banking could see a significant boost in productivity through the use of Generative AI. Front office activities such as research reports, pitchbooks, and deal structures could be improved by 27% to 35% with the help of Gen AI tools. The report emphasizes that this technology can minimize the manual work of junior analysts, allowing them to focus on higher-value tasks. The main focus is on improving productivity and efficiency, but revenue growth opportunities are also expected in the future.

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