The Index › AI compute
How are financial firms changing with AI?
Banks, asset managers and exchanges whose work AI tools are beginning to change.
The waterfall: Compute is the resource; the waterfall is everything that spills out of the build and reshapes activity downstream.
Businesses keep adopting AI, but the economy-wide productivity lift does not arrive before 2028.
What would prove us wrong
Productivity jumps much sooner than we expect, or adoption stops spreading.
Review 2027-12-31 · check: BLS Productivity and Costs (quarterly); Census Bureau Business Trends and Outlook Survey. · the claim's page
Reports next, in this group
CME21 Oct · expected, per Nasdaq
Northern Trust21 Oct · expected, per Nasdaq
Nasdaq22 Oct · expected, per Nasdaq
ICE29 Oct · expected, per Nasdaq
Tradeweb29 Oct · expected, per Nasdaq
| Company | What it sells | Reports next |
|---|---|---|
| BlackRock BLK |
BlackRock manages investment funds and portfolios for institutions and individuals, and uses data and automation tools in its asset management work. | not yet announced |
| CME CME |
CME Group runs futures and options exchanges where traders buy and sell contracts on interest rates, commodities, and stock indexes. | 21 Oct · expected, per Nasdaq |
| Goldman Sachs GS |
Goldman Sachs provides investment banking, trading, and asset management services, using artificial intelligence to power those offerings rather than building the underlying hardware or models. | not yet announced |
| ICE ICE |
Intercontinental Exchange runs stock and derivatives exchanges and sells market data and mortgage technology. | 29 Oct · expected, per Nasdaq |
| MarketAxess MKTX |
MarketAxess runs an electronic platform where institutional investors buy and sell corporate bonds, using automated analytics to support fixed-income trading. | 6 Nov · expected, per Nasdaq |
| Nasdaq NDAQ |
Nasdaq runs stock exchanges and market-technology software that banks and brokers use to trade and clear securities, and its trading data and surveillance tools feed machine-learning systems. | 22 Oct · expected, per Nasdaq |
| Northern Trust NTRS |
Northern Trust provides custody, asset servicing and wealth management to institutions and wealthy families. | 21 Oct · expected, per Nasdaq |
| State Street STT |
State Street is a custodian bank that holds and services securities and runs back-office operations for asset managers and pension funds. | not yet announced |
| Tradeweb TW |
Tradeweb runs electronic marketplaces where institutional investors trade bonds and other fixed-income securities. | 29 Oct · expected, per Nasdaq |
Showing 9 of 9 · No price is shown: the Index is a map of what each company sells and where it sits, not a quote board.
Next door
Who may gain as AI spreads through other businesses? · Whose business is AI itself? · Who makes the chips, and the tools to make them?