Bank of America expects investments in investment in artificial intelligence (AI) to drive returns in 2026, CEO Brian Moynihan said, expressing optimism about growth in both the US and India.
He said the bank is still in “early days” as far as agentic AI is concerned.
Moynihan outlined BofA’s $14 billion technology budget, including roughly $4.5 billion allocated for AI initiatives. He said tools like the bank’s virtual assistant Erica, which serves 20 million customers, were already generating tangible returns and improving efficiency across…

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