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The deals 4 tech bankers think the 'AI arms race' could drive in 2025

The article from Business Insider discusses how AI is transforming the dealmaking landscape in investment banking. Major banks like Goldman Sachs and Bank of America (BofA) are increasingly integrating AI tools to enhance efficiency in deal sourcing, due diligence, and client interactions. AI platforms like Axom Partners are highlighted for their role in automating tasks traditionally done by junior bankers, such as data analysis and document review, thereby allowing bankers to focus more on strategic activities. The technology not only speeds up processes but also aims to reduce human error and bias in decision-making. However, there's a noted concern about job displacement among junior bankers, although banks argue that AI will shift their roles towards more value-added tasks. The adoption of AI in banking is seen as a competitive necessity, with firms investing heavily to stay ahead in a rapidly evolving market.

Read the Full Business Insider Article at:
[ https://www.businessinsider.com/outlook-ai-dealmaking-bankers-goldman-sachs-bofa-axom-partners-2024-12 ]