Wall Street Goes All In on AI to Revolutionize Industry Operations and Hiring
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Banks like JPMorgan and Goldman Sachs are aggressively pursuing AI strategies and hiring hundreds of technologists to build new capabilities.
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Hedge funds including Bridgewater, Millennium, and Man Group are launching new AI-driven funds or building out teams to apply the tech.
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AI could make analytical jobs less tedious by automating repetitive tasks, but also raise barriers to entry and change required skills.
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Firms are experimenting with AI across deal sourcing, investment analysis, risk management, and back-office functions to drive efficiencies.
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The race for talent is fierce as demand for specialized AI skills surges, with technologists focused on areas like machine learning and natural language processing in high demand.