UBS deploys AI analyst clones

Published on May 20, 2025

See on Internet Archive

by
Swissinfo
My articles My site About me My videos My books
Follow on:Twitter Facebook Google +

UBS deploys AI analyst clones — The UBS logo in the background at the Annual General Meeting in Lucerne on April 10, 2025. Keystone / Urs Flueeler

Generated with artificial intelligence.

Zurich-based bank using OpenAI and Synthesia models to create lifelike avatars of its experts.

This content was published on May 20, 2025 - 09:47

Simon Foy, European Banking Correspondent, The Financial Times

The Zurich-based bank is using OpenAI and Synthesia models to create AI-generated scripts and avatars of its analysts following increased client demand for research in video format, UBS said.

“It’s not a parlour trick,” Scott Solomon, head of global research technology at UBS’s investment bank, told the Financial Times.

External Content

“There are two drivers for it: the client driver and the efficiency driver . . . It is helping you scale your video capabilities in a way that clients are asking you for, and ultimately saving you time to do your research and meet with clients.”

The initiative, which UBS started to roll out in January, comes as large financial institutions increasingly experiment with generative AI tools to cut costs and boost efficiency.

The avatars UBS is creating of its analysts are similar to AI deepfakes, or realistic AI-generated videos, audio or images of people. To create the AI avatars, UBS analysts go into a studio, where Synthesia captures their likeness and voice.

To create a video, UBS analysts can use a language model to analyse their reports and generate a script. They can then review the script before it is turned into a lifelike video using their avatar.

The programme was run on an “opt-in” basis for the bank’s analysts and was approved by UBS’s human resources team before being rolled out, Solomon said. All content that uses an analyst’s AI avatar also requires their approval before it is distributed to clients.

Solomon said that UBS had seen greater demand from clients for video content in recent years, amid a rise in the popularity of short-form video apps such as TikTok.

“Think about how we, in our consumer lives, consume so much more video content now than we did five years ago,” he said. “We publish about 50,000 documents a year, [but video production] has been fixed at about 1,000 a year, because that’s basically our studio capacity. But the number of views on those videos has gone up dramatically.”

UBS said it was targeting about 5,000 avatar videos annually once the initiative was up and running. But the bank had to slow the rollout of the AI avatars for some employees, after the technology struggled with certain accents: “[The accent] would flatten a bit and you might lose a little bit of what makes you you”, said Solomon.

While the use of AI avatars could raise questions around transparency and authenticity, UBS said it would never “mislead or try and pass this off as a real analyst”.

“Right throughout the video, you’ll see at the bottom, it says, ‘this content was created using AI’. It’s in no way trying to replace the flesh and blood analyst,” Solomon said.

Meanwhile, sophisticated large language models are also closing in on complex, white-collar tasks that could undercut employment in high-wage industries such as finance. Last month Rogo, an AI start-up behind a chatbot that replicates an investment banker, raised $50mn from a group of investors led by Thrive Capital, boosting its valuation to $350mn.

Additional reporting by Melissa Heikkilä

Full story here Are you the author?

About Swissinfo

SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.

My articles My site About me My books
Follow on:Twitter Facebook Google +