"Wall Street is investing heavily in AI.From trading floors to back offices, banks are rapidly weaving generative AI into the fabric of their operations. The technology's influence is now reshaping not just workflows, but workplace culture. It's changing what it means to be a software engineer, how junior bankers stand out, and even the roles inside the C-suite - all while firms explore how to deploy autonomous AI agents."
"And the shift is only just beginning. AI is on track to redefine 44% of the work done at banks by 2030, according to consulting firm ThoughtLinks. But it's also bringing on new challenges. Bank leaders say they are struggling to keep up with AI-powered cyberattacks, and they're increasingly asked by analysts when all the investments will pay off. Here's what we know about how Wall Street banks are embracing AI."
Banks are racing to deploy generative AI tools to employees across trading floors, back offices, and client-facing functions. Major firms such as Citi and Morgan Stanley have updated strategies and reported AI progress during earnings. Generative AI is reshaping workflows, workplace culture, engineering job definitions, junior-banker differentiation, and C-suite responsibilities while prompting experiments with autonomous AI agents. Consulting firm ThoughtLinks projects AI could redefine 44% of bank work by 2030. The rapid adoption is accompanied by rising challenges, including AI-powered cyberattacks and growing analyst pressure to demonstrate when AI investments will deliver measurable returns.
Read at Business Insider
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