AI Agents Wake Up $1.6 Trillion in Sleepy Bank Deposits

T2Covered by 1 source · first reported by PYMNTS at 08 Oct, 17:22 UTC

JPMorgan Chase, Bank of America and Wells Fargo hold about $1.6 trillion in deposits that pay no interest, the Financial Times reported. That money tends to stay put because moving it takes time. Artificial intelligence (AI) agents could remove that friction. Meta’s Muse and similar AI assistants…