Bank of America plans to double AI budget next year

Bank of America’s decision to double its AI budget signals a strategic pivot toward technology-driven efficiency and risk management, which could reshape credit underwriting and monitoring processes across the middle market. Increased AI investment by a major bank suggests heightened competition in leveraging data analytics to assess borrower creditworthiness and detect early signs of distress. Middle-market credit professionals should anticipate evolving lender expectations and potentially tighter, more data-informed lending standards as AI tools become central to credit decision-making.