During a VC Fintech panel at Plug and Play Tech Center Summit 2023, Foundation Capital General Partner Charles Moldow commented on banks' aggressive AI adoption based on research from Evident.

Key takeaways:

-JPMorgan leads banks in AI adoption
-Banks are locked in AI adoption arms race, pushing for more sophisticated implementations
-Consumer-facing impacts lag behind operational AI use cases so far

We expect rapid AI progress at banks to continue.

📹 Watch the video for Charles' full inside perspective.

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www.foundationcapital.com

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