{"id":159975,"date":"2023-03-10T05:22:34","date_gmt":"2023-03-10T11:22:34","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/03\/bank-of-america-obsessed-with-ai-says-its-the-new-electricity"},"modified":"2023-03-10T05:22:34","modified_gmt":"2023-03-10T11:22:34","slug":"bank-of-america-obsessed-with-ai-says-its-the-new-electricity","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/03\/bank-of-america-obsessed-with-ai-says-its-the-new-electricity","title":{"rendered":"Bank of America Obsessed With AI, Says It\u2019s the \u201cNew Electricity\u201d"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/bank-of-america-obsessed-with-ai-says-its-the-new-electricity2.jpg\"><\/a><\/p>\n<p>The financial industry\u2019s response to artificial intelligence has been <a href=\"https:\/\/futurism.com\/the-byte\/jp-morgan-bans-chatgpt\" class=\"\">all over the place<\/a>. Now, Bank of America is weighing in very much on the side of the bots.<\/p>\n<p>In a note to clients viewed <a href=\"https:\/\/www.cnbc.com\/2023\/02\/28\/bank-of-america-says-ai-is-the-new-electricity-names-its-top-picks-to-play-the-breakout-trend.html\" class=\"\">by <em>CNBC<\/em><\/a> and other outlets, BofA equity strategist Haim Israel boasted that AI was one of its top trends to watch \u2014 and invest in \u2014 for the year, and used all kinds of hypey language to convince its clients.<\/p>\n<p>\u201cWe are at a defining moment \u2014 like the internet in the \u201990s \u2014 where Artificial Intelligence (AI) is moving towards mass adoption,\u201d the client note reads, \u201cwith large language models like ChatGPT finally enabling us to fully capitalize on the data revolution.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The financial industry\u2019s response to artificial intelligence has been all over the place. Now, Bank of America is weighing in very much on the side of the bots. In a note to clients viewed by CNBC and other outlets, BofA equity strategist Haim Israel boasted that AI was one of its top trends to watch [\u2026]<\/p>\n","protected":false},"author":359,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,418,6],"tags":[],"class_list":["post-159975","post","type-post","status-publish","format-standard","hentry","category-finance","category-internet","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/159975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/359"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=159975"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/159975\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=159975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=159975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=159975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}