(Bloomberg) -- Citigroup Inc. said artificial intelligence is likely to displace more jobs across the banking industry than in any other sector as the technology is poised to upend consumer finance and makes workers more productive. Most Read from BloombergCar Dealerships Across US Halt Services After CyberattackPutin’s Hybrid War Opens a Second Front on NATO’s Eastern BorderHedge Fund Talent Schools Are Looking for the Perfect TraderCar Dealers Across US Are Crippled By a Second CyberattackWhat
  • maynarkh@feddit.nl
    11·
    5 months ago

    Bank spokesman says they are itching to be the sector to fire the most workers, poised to make the economy so much better.

    • Scrubbles@poptalk.scrubbles.techEnglish
      5·
      5 months ago

      People who don’t like paying for labor declares new technology will finally let them automate people away. More at 11.

      I remember decades ago when I was working at mcds as a greasy teenager when they told me that I only had a couple years left there, that our jobs would probably be automated soon. That stores without humans at all were just around the corner.

      Any engineer who has worked with AI directly knows what it’s great at (a slim number of finite tasks), what it appears to be great at (many many tasks), and what it is not good at (everything else). Corporate America sees no distinction.

  • delirious_owl
    132·
    5 months ago

    Great, so now when the ML algo locks me out of my account, I’ll have to talk to an AI about why it false-positived.

    The future is bleak for fiat.

  • mesamune@lemmy.worldEnglish
    9·
    5 months ago

    Betterment/Weathfront does a lot of this already, but without “AI”. Its just algorithms. It sounds the same…but its really not.