Generative AI Fuels Corporate Adoption and Market Rally

Companies and institutions are rapidly deploying generative AI across sectors, exemplified by Bank of America’s new Ask Global Payments Solutions (AskGPS) assistant trained on more than 3,200 internal documents to support its Global Payments Solutions team serving over 40,000 business clients. Bank of America says AskGPS will speed client responses and strengthen advisory services and complements broader AI expansion across intelligent agents, search/summarization, content generation and operations. HR departments are retooling around AI-driven talent management, with leaders urged to lead upskilling and reskilling programs using skills-based hiring, gap analysis, AI analytics and tailored training to prepare employees for AI-augmented roles. Education and policy experts caution that AI will reshape careers—creating new professions while not entirely displacing existing jobs—so coordinated education, corporate and policy responses will be needed. Investors are already pricing AI momentum into markets: Alibaba’s stock has jumped roughly 40.6% in the past month (102.4% year-to-date) amid news it is integrating Nvidia’s AI development tools into its cloud, and Nvidia plus other AI-linked stocks remain focal points for traders despite recent pullbacks.