Archive · 23 Dec 2025
Bank of America CEO Sees AI Boosting US Economy
Bank of America's CEO, Brian Moynihan, said that artificial intelligence is starting to help the US economy more.
He thinks the economy will grow by 2.4% next year, which is a bit more than this year.
He also said that AI is making the bank's work easier, like with their AI assistant named Erica, which can now answer more questions.
Moynihan believes that AI is a good thing for the economy, but some people, like Amazon's founder Jeff Bezos, think that too much money is being spent on AI.
Moynihan said that the bank is careful about lending money for AI projects, making sure they are safe investments.
Bank of America CEO Brian Moynihan says AI is increasingly impacting the US economy.
The bank predicts 2.4% US economic growth in 2024, up from 2% in 2025.
Moynihan believes AI is having a strong marginal impact on the economy.
Bank of America uses AI, with its assistant 'Erica' now answering 700 questions.
Moynihan sees limited risk to the economy from AI, despite warnings of an 'industrial bubble'.
- Who
- Brian Moynihan, CEO of Bank of America
- What
- AI's growing impact on the US economy and Bank of America's use of AI
- When
- The interview took place on Monday, with predictions for 2024 and 2025
- Where
- The interview was conducted on Bloomberg Television
- Why
- To discuss the economic benefits and risks of AI, and Bank of America's AI initiatives
- CEO
- Brian Moynihan
- Company
- Bank of America
- Predicted US Growth
- 2.4% in 2024, up from 2% in 2025
- AI Impact
- Marginal but strong
- AI Investment
- Building throughout the year
- AI Risk
- Limited, according to Bank of America
- AI Agent
- Erica, answering 700 questions