Thread regarding Bank of New York Mellon Corp. layoffs

@122 and @10
Yep. That is called data enrichment and it has been around since the dawn of database driven business computing. Doing queries to grab other key data elements. It is NOT AI. Proof that this company is truly lying and making an overblown stance on AI.

@10j AI that fills in the zip code…that’s funny but sounds like something we would develop. Sounds like something that RR would have gone on tour to celebrate.

@x0 - hi, it is @bd here. When I left three months back we absolutely had the dashboard showing about 50 or so in prod then. Many were, as I said earlier pretty basic things - fill in the zip code if all other fields are present, for instance.

They all had some commercial value but nothing extraordinary. To declare victory now is quite premature. Whether it is 117 now or 68 does not matter as much as what is in them and what else is coming. Currently it is mostly nothingware.

@wp
Hey, I’m not EE but I actually looked at this afternoon and you are wrong pal. There is no list or inventory of 117 of these. Let alone no demos of each one. And I too was getting broken access and time outs. You must be one of the junior I. T-iots scamming this to look like you are working.

@ee you clearly do not work here because everything you mentioned was missing is in Eliza. There are hundreds of videos demoing solutions if you want to get an idea of what others are doing. You can lead a horse to water…

At BNY, AI just means A.trocious I.ndia

LOL. Totally correct. Here at BNY, AI so far, is just a big technology expense with an inability to show significant business impacts. Mostly just a marketing ploy. And with Eliza, it has had a lot of difficulties in generating accurate results. The foundational stuff is missing and AI will never be mature enough to address it. Too many older vendor driven data generation apps that will never be fixed either.

@b8
If you are even an employee here, then you are definitely one of the low grade, 4th rate sorry excuses passing for an I.T. Technician at BNY. Likely an attention deficit challenged India H1B lackey too. The entire post here is about the lack of transparency at BNY with AI and the fact this company is just not growing the business. Yet, here you are defending a strawman construct that is a cheap gimmick and has done zero for clients or even employees for that matter. BNY Pershing and Wealth mgmt leadership keep talking about this with WOVE but business and analytic outcomes have not improved and they continue to be red flags for the company to put it mildly. The fed does not have some regulatory agency checking on any AI inventory. You made that up. There is no official ‘store’ , distinct product listing, client experience on AI, client feedback or guidance on how each offering can be used. Nor is there any detailed ‘public’ demo, feedback, choices or tutorial on any of this. It’s to be expected from a so called leadership that is really saying ‘Trust us, we are doing big stuff, you will see!’. Those are not ‘metrics’ either. Ps- I’ve done the ‘training’ and it’s not training at all. Just a rubber stamp to say I understand and obey. All of this is just a patchwork service solution in search of a problem. Black box business edits, natural language searchs, messaging integrity checks, virtual logins and AI related emails are Ok but not transformative, not major productivity boosts and not even artificial intelligence. It’s impressing no one and neither are you.

This post hit hard like a straight arrow.

Not only is the OP right, he/ She is damn right!

I left BNY only three months ago and routinely rejected hare brained schemes that achieved nothing at all. Because people were incentivised to do something - anything - involving AI, a lot of stupid data conversion routines got into the AI bandwagon. I could not stop the madness. The 117 is a real number . Of these 17 are true applications of AI / LLM capabilities.

@an wish I could talk to you at work because there is no error 404 for internal sites… or maybe you haven’t updated your post Blue Arrow. The company has to keep an accurate inventory of all AI initiatives and routinely reports to the Fed. If it’s good enough for them, it should be good enough for trolls like you! All metrics are internally public, so you can see what the adoption rate is. Sounds like you and OP are next on the cutting block because you can’t figure out how to navigate our own intranet!

Right. I chuckled when the reporter said we did well because of our "fees." She also forgot the mention the layoffs. Lol

@ab
LOL. What you put here is total bull cr.ap. Just like the AI lies. I looked too. It is funny that we have several links that generate 404’s on AI too. The OP is right and on the mark about earnings. Good to know that Robin’s deformed elves actually are on here. Inspiration? Dead at BNY. Like you from the neck up.

OP here is completely unhinged. All of these solutions are internally public. You can read what they do, who developed them, what technology was involved, etc. the link to Eliza is promoted across internal websites. I suggest you read through a handful and hopefully get inspired…