INSUBCONTINENT EXCLUSIVE:
By Lananh NguyenRobots have replaced thousands of routine jobs on Wall Street
machine learning at AQR Capital Management LLC, who testified in Washington on Friday about the impact of artificial intelligence on capital
challenges for the 6.14 million people employed in the finance and insurance industry, many of whom will lose their jobs -- not necessarily
Committee on Financial Services.
During the almost two-hour hearing, lawmakers asked experts about racial and gender bias in AI, competition
for highly skilled technology workers, and the challenges of regulating increasingly complex, data-driven financial markets.
Other comments
that financial regulators have the funding resources, technological capacity and access to AI and automated technologies to be a strong and
change significantly in the next five to 10 years, according to a survey of more than 3,800 respondents
The three roles most likely to disappear are sales agents, traders and performance analysts.
Charlton McIlwain, professor of media, culture
be most at risk in terms of automation and the escalation of fintech development