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McKinsey Report: As AI financial advisors rise, client funds will flow to high-yield products, shrinking bank industry profits by $170 billion.

McKinsey Report: As AI financial advisors rise, client funds will flow to high-yield products, shrinking bank industry profits by $170 billion.

``` The rise of artificial intelligence is fundamentally challenging the global banking industry. According to a recent report by McKinsey & Co., as AI financial advisors capable of automatically optimizing savings become increasingly popular, customer funds will flow on a large scale from low-interest accounts to high-yield products. This may cause