Mumbai, March 31 -- Artificial intelligence (AI) is reshaping investment banking workflows. Tasks such as preparing pitch materials and compiling financial profiles, once requiring days of intensive research, can now be completed in a matter of hours. As banks begin testing large language models to draft memorandums and automate due diligence, the industry is confronting structural questions around advisory fees, data confidentiality and regulatory liability.

Mint explains how significant AI's impact really is on investment banking.

A 2023 Deloitte report noted that global investment banks have invested billions of dollars in machine learning and natural language processing to transform trading and risk management. However, the deal-mak...