I don’t know where it started but someone in the banking sector painted a picture with golden rainbow of return via AI. All the banks all jumped on board with such a claim so as to not be left out.
Well its not panned out for any of them at all. Now, to make the shareholders happy $ has to be found. It’ll be done by way of layoffs. The first quarter of next year for all banks will be a bloodbath. All banks that made AI promises will be passing out pink slips left and right.
Apparently you boomers dont know how to use it. Merrill has started implementing it and its saving hundreds of hours
execs always wants quick "wins" to get away with large bonus pool
Yes it's actually creating more work as execs are trying to find quick"wins" with ai that just create more work in reality for little to no benefit.
@wc "AI" is nowhere close to being in its "infancy". Large Language Models are in their infancy which is likely what you are referring to.
AI is in its infancy so a statement like this is sillly.
We knew it was going to be a bust when the deadline was changed from six months to two weeks with ZERO testing - especially when the typical testing process takes a minimum of 4 weeks for regular QA processes. They saw that AI wasn't the miracle they thought it would be, so they had to set up the teams involved for failure to justify the layoffs. "We set impossible goals, why didn't you meet them? This is all YOUR fault!"