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TLDR: Investment banking could benefit from the use of generative artificial intelligence (AI) to simplify tasks and lighten workloads. Large language models could be used to process legal documents and compliance forms, increasing efficiency and freeing up time for more analysis and reflection. McKinsey research estimates that AI and analytics could generate $29 billion of value for investment banking. While some may be concerned about job losses, history suggests that new technology leads to transformation rather than reduction in employment.
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