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The New York Times reported that Wall Street firms are using artificial intelligence to replace or assist analysts, and entry-level analysts in particular may be at risk.
Wall Street and investment banks at the New York Stock Exchange are beginning to embrace generative artificial intelligence as an emerging technology that could replace parts or the entire workforce. A program called “Socrates” is being implemented within banks that could reduce the number of new analysts they hire.
Still, a new study suggests that artificial intelligence could also replace humans in market research, using an LL.M. to generate data that enables market researchers to conduct studies relying solely on artificial intelligence.
(Source: techtimes Image source: freepik)
