With AI at the forefront of most company discussions about innovation, this report looks at how U.S. public companies in the financial sector are discussing the opportunities and risks that it provides and poses for disrupting business models.

MyLogIQ’s key findings from the report were that:

• 0.7% of financial sector directors have AI experience.
• 4% of financial sector companies have at least one director with AI experience.
• 6% of financial sector companies discussed AI in the MD&A section of their 10-K filings.
• 11% of financial sector companies listed AI in the Risk Factors section of their 10-K filings.
• The top 3 AI risk factors for the financial sector were:

  -Government Regulation of AI

  -Competitors’ Use of AI

  -Ability to Cost Effectively and Competitively Deploy AI