These Are the Wall Street Jobs Being Replaced By Robots
Wall Street is entering a new era. The fraternity of bond jockeys, derivatives mavens and stock pickers who've long personified the industry are giving way to algorithms, and soon, artificial intelligence. Banks and investment funds have been tinkering for years, prompting anxiety for employees. Now, firms are rolling out machine-learning software to suggest bets, set prices and craft hedges. The tools will relieve staff of routine tasks and offer an edge to those who stay. But one day, machines may not need much help.
Oct-18-2017, 09:51:24 GMT
- Country:
- North America > United States > New York > New York County > New York City (0.70)
- Industry:
- Banking & Finance > Trading (0.83)
- Technology:
- Information Technology > Artificial Intelligence > Robots (0.40)