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Goldman Sachs & JPMorgan's 22-year-olds on $100k salaries may go extinct.

Two thirds of junior banking jobs could be replaced by AI.

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Wall street: The worst part of a Wall Street career may be coming to an end

Generative artificial intelligence is reshaping the landscape of investment banking, particularly in roles traditionally held by junior analysts. AI technologies like those being tested at Goldman Sachs and other major banks are capable of performing tasks that previously took hours or even whole weekends for human analysts. This includes assembling PowerPoint presentations, crunching numbers in Excel spreadsheets, and refining language in financial documents. The widespread adoption of AI in banking could lead to significant changes in hiring practices, with the potential for fewer junior analyst positions and altered job responsibilities for those who remain.

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The worst part of a Wall Street career may be coming to an end

Generative AI has landed on Wall Street. And investment banks are rapidly turning into Exhibit A on how the new technology could not only supplement but supplant entire ranks of workers

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The AlleyWatch Startup Daily Funding Report: 2/20/2024 – AlleyWatch

The AlleyWatch Startup Daily Funding Report: 2/20/2024 – AlleyWatch
alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers.

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