[S&P: AI Applications to Impact Bank Credit Ratings] S&P Global Ratings released a report on Monday stating that in the coming years, banks' use of artificial intelligence (AI) will increasingly influence their credit ratings. A survey conducted by S&P in June involving approximately 179 financial institutions worldwide revealed that these institutions expect AI-related costs to decrease by up to 4% this year, and by 2028, this reduction is projected to expand to 6% to 8%. Currently, about 84% of the surveyed institutions indicated they have already implemented AI for support functions and automated processes; however, due to regulatory and reputational risks, less than one-third of the institutions reported using AI to develop new products and services. S&P noted that the success or failure of banks in applying AI will depend on the maturity of their AI strategies and the robustness of their governance frameworks.