Wells Fargo, Citi and Goldman Sachs Lead Big-Bank AI Venture Investment

Evident AI tracks venture investments by the world’s largest banks in AI startups, offering a view of how traditional financial institutions use external technology investments to accelerate changes in risk management, operations and customer service. Wells Fargo, Citi and Goldman Sachs are the most active U.S. bank investors, underscoring AI’s emergence as a key area of competition among major lenders.

The latest report found that venture investment in AI companies by the world’s largest banks has grown at a compound annual rate of 21% since 2023, with Wells Fargo, Citi and Goldman Sachs leading their U.S. peers. Available reports did not disclose the individual investment amounts or deal counts for the three banks, but the pace of growth indicates that bank capital continues to flow into AI technology.