Capital markets firms could spend $1.5 billion on AI technologies this year, growing to $2.8 billion by 2021. Artificial intelligence in various forms is expected to erase 230,000 jobs in capital markets by 2025, Asset managers are likely to see the most losses – about 90,000
Asset managers may soon join factory workers on the unemployment line, automated out of work. Artificial intelligence in various forms is expected to erase 230,000 jobs in capital markets by 2025, according to a study published by researcher and consultancy Opimas LLC. Asset managers are likely to see the most losses – about 90,000 globally. […] To Read the Full Story, Subscribe or Sign In
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