Major banks including Citi, Wells Fargo, JPMorgan Chase, and Goldman Sachs are increasingly leveraging artificial intelligence to enhance their earnings and operational efficiency. The integration of AI technologies is seen as a pivotal strategy for these financial institutions to remain competitive in the evolving banking landscape.

Mark Zuckerberg announced that Meta's investment in artificial intelligence aims to create a "superintelligent" model that can enhance user engagement and empower creativity. As the company reported significant revenue and profit growth, Zuckerberg emphasized the potential of AI to transform user experiences and improve its advertising business.

Adobe's stock rose after the company reported third-quarter earnings that exceeded Wall Street expectations, bolstered by successful investments in artificial intelligence. With revenue growth and a positive outlook for the upcoming quarter, Adobe highlighted its AI tools' impact on creativity and marketing, driving significant annual recurring revenue from these innovations.