Wall Street Firms Adopt Generative AI Tools

Wall Street firms including JPMorgan, Goldman Sachs, Morgan Stanley, Citi, Citadel, and Bridgewater are rapidly deploying generative AI across banking, trading, private equity, and asset management, Business Insider reports. Institutions are investing billions—JPMorgan $18 billion and Goldman $6 billion—and rolling tools to hundreds of thousands of employees, producing measurable productivity gains such as Morgan Stanley's 280,000 engineer hours saved and Citi's 100,000 developer hours weekly. The shift aims to speed workflows and reshape roles across financial services.