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Here are the deals the 'AI arms race' could drive in 2025, according to 4 bankers from Goldman Sachs, BofA, and Axom Partners

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, along with boutique firms like Axom Partners, are increasingly integrating AI tools to enhance efficiency in deal sourcing, due diligence, and client interactions. AI applications include automating the analysis of potential deals, predicting market trends, and even aiding in the negotiation process. This shift is driven by the need to reduce costs and increase speed in a highly competitive environment. However, the adoption of AI also brings challenges such as data privacy concerns, the need for substantial initial investment, and the potential for job displacement among traditional roles in banking. Despite these hurdles, the consensus is that AI will not replace bankers but will augment their capabilities, allowing them to focus on higher-value tasks like strategic decision-making and relationship building.

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