Bank of America prioritizes bigger AI initiatives, as annual spending on new tech increased by 44% over the past decade

FortuneWednesday, November 5, 2025 at 7:30:06 PM
Bank of America prioritizes bigger AI initiatives, as annual spending on new tech increased by 44% over the past decade

Bank of America prioritizes bigger AI initiatives, as annual spending on new tech increased by 44% over the past decade

Bank of America is making significant strides in technology, with a remarkable 44% increase in annual spending on new tech over the past decade. This year alone, the bank has allocated $4 billion towards AI and other innovative initiatives, led by chief technology officer Hari Gopalkrishnan. This focus on advanced technology not only positions the bank as a leader in the financial sector but also highlights the growing importance of AI in enhancing customer experiences and operational efficiency.
— via World Pulse Now AI Editorial System

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