Finextra: AI set to automate up to 50% of tasks in most financial services roles
AI could automate up to half of tasks in most financial services roles, according to a new report by the Financial Services Skills Commission (FSSC).
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Finextra: Former Google exec named as Citi CIO
Brian Saluzzo has been announced as the new CIO of Citi, joining them from Google.
Reuters: Citigroup says AI helps speed account openings and systems upgrades
Citi is using AI to speed up account openings and the retirement of old software.
Business Insider: Goldman Sachs maps out where it’s pushing AI — and the risks that could upend its strategy
Goldman Sachs has detailed where they are using AI and the risks of using it.
Fortune: An AI agent destroyed this coder’s entire database. He’s not the only one with a horror story
This shows the dangers of relying on AI for coding and not keeping a close eye on what it is doing.
QA Financial: Banks warned AI is writing software faster than it can be safely tested
AI is writing software faster than it can be safely tested.
Harvard Business Review: AI Doesn’t Reduce Work – It Intensifies It
An interesting study from Harvard looking at AI in practice.
City AM: Fintech growth sparks London hiring spree
Fintech firms drove a hefty increase in hiring in the financial sector last year.
IT Pro: “We want AI to work for Britain”: The UK government wants to upskill 10 million Brits in AI by 2030 – and the courses are free to access
The UK government wants to train 10 million people in AI by 2030 in an ambitious expansion of a nationwide upskilling program.