The Zhitong Finance App learned that on July 14, large Wall Street banks proved to the market with a series of record results that the beneficiaries of the artificial intelligence boom are far more than Silicon Valley tech giants and chip makers. Goldman Sachs (GS.US) and J.P. Morgan Chase (JPM.US) both handed over historic quarterly responses, and revenue soared 39% to US$20.3 billion and 27% to US$58 billion, respectively. What drives these numbers is the “ubiquitous” presence of AI in financial markets.

The Zhitong Finance App learned that on July 14, large Wall Street banks proved to the market with a series of record results that the beneficiaries of the artificial intelligence boom are far more than Silicon Valley tech giants and chip makers. Goldman Sachs (GS.US) and J.P. Morgan Chase (JPM.US) both handed over historic quarterly responses, and revenue soared 39% to US$20.3 billion and 27% to US$58 billion, respectively. What drives these numbers is the “ubiquitous” presence of AI in financial markets.