Generative AI helps to gain insights into investor behavior and sentiment trends

Since the past decade, financial companies with artificial intelligence (AI) always had an advantage over peers. Who can forget the OG mathematician or the late Jim Simons’ Renaissance Technologies’ Medallion Fund has averaged annual returns of about 66% before fees since 1988.

Similarly, Bank of America’s virtual assistant, Erica, who helps consumers with checking balance etc, has surpassed 15 million users and completed over 120 million customer requests since its launch in 2018.