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BNY CEO optimistic on US economic growth, AI potential

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
BNY is bracing for a U.S. economic growth boost under the new Donald Trump U.S. presidency, CEO Robin Vince said on Wednesday during an interview at the Reuters NEXT conference in New York.
The article from Reuters discusses BNY Mellon CEO Robin Vince's optimistic outlook on U.S. economic growth and the potential of artificial intelligence (AI) for the year 2024. Vince highlighted that despite challenges like inflation and geopolitical tensions, the U.S. economy has shown resilience, with expectations of continued growth supported by strong consumer spending and business investments. He emphasized the transformative impact of AI across various sectors, predicting that AI would enhance productivity, efficiency, and innovation in financial services. Vince also noted that AI could help in managing costs and improving customer experiences, although he acknowledged the need for careful management of risks associated with AI, such as data privacy and cybersecurity. His comments were made during a financial conference where he shared insights on economic trends and technological advancements.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/bny-ceo-optimistic-us-economic-growth-ai-potential-2024-12-11/ ]