efinancialcareers: JPMorgan paying $325k salaries for its new AI strike team
The news is full of people being laid off from banks – but not in AI.
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City AM: ChatGPT wipes out entry level jobs
Vacancies for graduate roles, apprenticeships, internships and junior positions have fallen by more than 30 per cent since ChatGPT arrived at the end of 2022.
Forbes: Generative AI Vs. Agentic AI: The Key Differences Everyone Needs To Know
There is a lot of talk about Generative AI and Agentic AI. What is the difference?
Computer Weekly: Lloyds and Nationwide to use UK finance sector LLM
Lloyds Banking Group and Nationwide Building Society are set to roll out a GenAI tool that has been specifically designed for the UK finance sector.
MSN: ‘Building It Ourselves’: Morgan Stanley Created an AI Tool to Fix the Most Annoying Part of Coding. Here’s How It Works.
Morgan Stanley has built its in-house AI tool to tackle a difficult coding problem: reworking old legacy code into more updated coding languages.
InvestorDaily: Major bank names new AI officer
Westpac has announced the appointment of Andrew McMullan as chief data, digital and AI officer, reporting to chief executive officer Anthony Miller.
Finextra: Lloyds appoints head of agentic AI
Lloyds Banking Group is building on its AI strategy with the appointment of Aritra Chakravarty from JIFFY.ai as head of agentic AI.
Fintech Futures: OakNorth boosts GenAI adoption with OpenAI partnership
Continuing the trend of banks partnering with LLM vendors, OakNorth is the latest to do this with OpenAI.
efinancialcareers: Citadel’s CTO says AI won’t generate lasting alpha for hedge funds
Citadel’s CTO says AI won’t generate lasting alpha for hedge funds.
Finextra: Klarna takes foot off AI gas as CEO acknowledges importance of human customer service
After aggressively pursuing an AI-driven workforce reduction strategy, Klarna says it is “evolving” the strategy and hiring customer service employees in an acknowledgment that people… Read More »Finextra: Klarna takes foot off AI gas as CEO acknowledges importance of human customer service