IMD Wrap: Will banks spend more on AI than market data? – WatersTechnology.com Withdrawal navigation End of content Skip to main content
As spending on generative AI tools exceeds previous expectations, Max is leveraging AI to help risk and portfolio managers better understand data about their investments while informing the resulting decisions. Introducing one new tool to help you stay in control.
The use of generative artificial intelligence across capital markets and other industries and sectors is increasing faster than analysts expected, according to a report from 451 Research, part of S&P Global Market Intelligence. As adoption accelerates, 451 Research announces “significant upward revisions to market revenue forecasts” for GenAI software spending, increasing spending forecasts for 2023 from $3.7 billion to $5.1 billion and increasing spending in 2028. The amount has been increased.
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