State Street: Industry Races to Deploy AI Agents, Banks Must Be 'Responsible'

State Street expects the use of artificial intelligence in finance to 'double' in the coming years, but stresses that 'responsible deployment' is crucial as the industry faces severe potential security risks. The bank made the call on the first day of the Global Financial Leaders' Investment Summit held in Hong Kong, where senior executives from Goldman Sachs, Morgan Stanley, JPMorgan, Pimco and Bridgewater also shared their views on the AI finance era.