GenZ News

Article View

AI could wipe out entire Wall Street teams. Here’s who will have staying power.

52d ago
Business
MarketWatch
AI could wipe out entire Wall Street teams. Here’s who will have staying power.
Artificial intelligence is poised to significantly impact Wall Street, potentially leading to the elimination of entire teams, according to recent analysis. Experts suggest that AI's ability to automate tasks previously performed by junior bankers, analysts, and salespeople will reduce the need for large teams. The focus is shifting towards roles that require uniquely human skills, such as complex problem-solving, strategic thinking, and relationship management. While some positions will be vulnerable, individuals possessing adaptability and specialized expertise are expected to retain their value in the evolving financial landscape.
Source