Hello and welcome to Eye on AI. In this newsletter…JPMorgan Chase is the top AI bank (again)...Microsoft debuts its AI agents…while tensions between it and OpenAI grow…and the worrisome results of war gaming AI competition.
Lots of companies make vague claims about how much they're investing in AI or the benefits they're seeing from deploying the technology. An increasing number of public companies have also begun pointing to AI as a risk factor in their SEC filings. But much of this is either marketing spin or boilerplate legal CYA. It’s not easy to tell, from the outside, how well any particular business is doing when it comes to AI deployment.
That’s why it's always refreshing to see Evident Insights’ annual AI Index, which ranks 50 of the world’s largest banks on their AI prowess. Evident uses 90 publicly available data points, drawn from job postings, LinkedIn profiles, patents, academic papers, financial filings, executives’ public statements, and more, to come up with its ranking. While it’s not a perfect methodology, it is a lot more objective than most other gauges.
