{"id":127296,"date":"2024-07-16t11:55:53","date_gmt":"2024-07-16t15:55:53","guid":{"rendered":"\/\/www.g005e.com\/?p=127296"},"modified":"2024-08-29t23:52:49","modified_gmt":"2024-08-30t03:52:49","slug":"ai-displacing-more-jobs-in-banking-than-other-sectors","status":"publish","type":"post","link":"\/\/www.g005e.com\/2024\/07\/16\/ai-displacing-more-jobs-in-banking-than-other-sectors\/","title":{"rendered":"ai displacing more jobs in banking than other sectors"},"content":{"rendered":"

\"\"<\/strong><\/p>\n

upskilling will be key to keeping staff.<\/strong><\/p>\n

by rick richardson
\ntechnology this week<\/em><\/p>\n

according to citigroup inc., artificial intelligence (ai) will likely replace more positions in the banking sector than in any other. technology is going to transform consumer finance and make employees more productive.<\/p>\n

more:<\/b> your brain can store 10 times more than anyone thought<\/a> |\u00a0how many ev charging stations will we need?<\/a> |\u00a0google launches new private space feature<\/a> |\u00a0microsoft discovers a security flaw impacting android apps<\/a> | what is an ai pc, and should i get one?<\/a> |\u00a0fool’s gold may not be so foolish now<\/a> |\u00a0ai-engineered enzyme could be solution to plastic pollution<\/a> | german researchers develop ev motor with no rare-earth magnets<\/a> | ai named the highest-paying in-demand tech skill for 2024<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/h4>\n

 <\/p>\n

according to citigroup\u2019s <\/span>most<\/span> recent ai assessment<\/span><\/a>, roughly 54 percent of banking professions might be automated. ai technology has the potential to enhance an additional 12 percent of jobs within the business.<\/span><\/p>\n

<\/p>\n

the biggest banks worldwide have been using ai more frequently over the past year because of its ability to boost output and cut expenses. according to a recent analysis by citigroup, ai might boost the banking sector by $170 billion by 2028.<\/p>\n

citigroup intends to let its 40,000 programmers experiment with different ai tools. the business has reviewed hundreds of pages of regulatory submissions swiftly using generative ai, which can generate content from basic prompts.<\/p>\n

\u201cwe\u2019re currently focused on bringing it from the lab to the manufacturing floor,\u201d citigroup ceo jane fraser said during the digital money symposium held by the organization. she continued by saying that the bank is investigating the use of ai to improve cybersecurity and offer affluent clients individualized investing advice.<\/p>\n

ceo jamie dimon of jpmorgan chase & co. thinks ai might reduce the workweek to 3.5 days, which is why the bank employs ai specialists. while ing group uses ai to find possible defaulters, deutsche bank ag uses it to evaluate the portfolios of wealthy clients.<\/p>\n

according to david griffiths, chief technology officer of citigroup, generative ai \u201chas the potential to revolutionize the banking industry and improve profitability,\u201d in a statement released alongside the new findings. \u201cat citi, our goal is to leverage ai in a responsible and safe manner to increase the power of citi and our people.\u201d<\/p>\n

according to citigroup, ai may not cause a decrease in the total number of workers in the banking sector, even if it replaces some occupations. in fact, it is likely that financial institutions will need to employ a large number of ai managers and compliance officers to make sure that rules are observed when using ai technology, creating new roles and opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"

upskilling will be key to keeping staff.<\/strong>
\n\"\"<\/a>
\nby rick richardson
\ntechnology this week<\/em><\/p>\n","protected":false},"author":1373,"featured_media":127297,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[3120,3002,2306],"tags":[3445,4053,3836],"class_list":["post-127296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pro-member-exclusive","category-special","category-tech-and-fintech","tag-ai","tag-banking","tag-technology-this-week"],"acf":[],"yoast_head":"\nai displacing more jobs in banking than other sectors - 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