UBS says investing for long-term growth

The company said, “We remain focused on strengthening our global capabilities by investing into our businesses and technology to capture long-term growth opportunities. We are also well underway on our technology integration journey in 2025, reducing complexity and costs through infrastructure and application decommissioning. With 1,154 apps decommissioned to date, or ~40% of total in scope, we have surpassed the 1,000 business applications decommissioned milestone. We have also turned off over half of the servers in scope (60,000) and worked through 28PB of data. We are unlocking the transformational potential of Gen AI. In the second quarter, we have further rolled out AI-powered tools to employees, including coding tools for our developers to enable faster, more secure and scalable delivery of solutions with a targeted 15% efficiency gain. After finishing the implementation of 55,000 M365 Copilot licenses earlier this year we are planning to roll-out additional licenses to ensure all of our employees across the firm have access to the tool. Additionally, our in-house AI assistant, Red, which gives users intelligent access to UBS (UBS) products, research, and CIO reports, is currently rolled out to 52,000 employees with general availability planned for the first half of 2026. Our investments in this space continue to translate into increased usage of Gen AI tools across the organization with 8m prompts across all our tools in the quarter, a four-fold increase since year-end 2024. We are also progressing on the execution of our large-scale, transformational AI initiatives designed to have firm-wide impact and strengthen our foundations, enhancing client service and increasing productivity across the Group. In addition, we are continually assessing and building further opportunities with over 280 AI use cases now live, up ~10% from 1Q25. To support in the adoption of our AI capabilities and foster a culture of continuous learning across the organization, we are building a strong ecosystem across the firm including over 500 AI Champions and 100 AI Ambassadors. Later this year around 250 of our senior leaders, including the Group Executive Board, will participate in an AI Senior Leadership Journey at the Said Business School, University of Oxford. The program will focus on building an AI-enabled organization, driving transformation, and ensuring ethical governance. This initiative is designed to equip our leaders with the strategic insights needed to further embed AI across the firm and lead the development of an AI-enabled workforce.”