Bank of America is mobilizing some senior investment banking business leaders to further focus on a large number of companies in almost every industry. In the process of implementing artificial intelligence, such companies may have financing, merger and acquisition consulting, and other related business needs. According to an internal memorandum from the bank on Thursday, the bank assigned Greg Naban, Jill Schwartz, and Ray Wood to “work across various industry groups” to deepen business ties with customers in the “artificial intelligence ecosystem”, which covers a range of players in the economic sector that continues to expand. Global Investment Bank Chairman Karim Assef and Faiz Ahmed, head of global investment banking business, wrote in a memorandum: “The development of artificial intelligence is driving an unprecedented investment boom in technology, infrastructure, electricity, and the digital ecosystem. Hundreds of companies are in the supply chain and value chain of this round of construction, covering many fields such as industry, electricity, energy, real estate, and financial services.” The two added that many of these companies are privately held enterprises and medium-sized enterprises.

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