PNC Builds In-House ‘AI Factory’ to Reduce Reliance on Tech Vendors

PNC Financial Services Group is a major U.S. regional bank with about $603 billion in total assets. As its use of generative AI grows, so do the cost of paying external providers by the token and its dependence on vendors. Building its own models, computing infrastructure and data centers would keep sensitive financial data in-house and allow systems to be tailored for operations such as fraud prevention and customer service.

On June 9, 2026, PNC Chairman and CEO Bill Demchak told the Morgan Stanley U.S. Financials Conference in New York that the bank was building its own “AI factory.” It plans to secure data-center capacity, procure Nvidia GPUs and develop large and small language models to reduce spending on external tokens. PNC has not disclosed the investment amount, the number of chips or a launch timetable.