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Citigroup warns Wall Street: Banking will be disrupted in the AI era, and the number of jobs replaced may exceed that of any other industry
According to Bloomberg, Citigroup released a new report on AI on Wednesday, which showed that about 54% jobs in the banking industry are likely to be automated. Citigroup said that AI may replace more banking jobs than any other industry because AI will subvert consumers at the financial level and improve employee efficiency. At the same time, 12% jobs in the banking industry will be enhanced by AI. Since last year, major banks around the world have gradually tried to embrace AI because AI is expected to help banks improve employee efficiency and reduce costs. Citigroup...- 3.5k