Thread regarding Fidelity Investments layoffs

AI @ Fidelity, Your Job

Fid is dipping it's toes in to practical generative AI. Trusted engineers and service reps will soon be getting access to tools that are currently blocked, as part of a small pilot. Are you worried? More than an outright reduction in workforce, AI also poses the threat that top performers who use AI well will push out those who fall behind because they didn't/couldn't get a grip on the AI tools available.

Then again in 2023 we are still hiring people who cannot operate Outlook, Word or Excel...

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| 2364 views | | 9 replies (last March 20, 2023) | Reply
Post ID: @OP+1lF6bu1j

9 replies (most recent on top)

Mark my words, crypto clowns, when the robot revolution commences, only those who emerge from their bunkers with fast-acting, rust-causing agents will stand a snowballs chance in he-l for survival.

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Post ID: @4bdn+1lF6bu1j

okay, your post makes no sense though I'm glad you're enlightened.

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Post ID: @3lon+1lF6bu1j

“doesn't require smoke breaks, coffee breaks, bathroom breaks, I'm sick don't feel like going in days.“

So it’s not human, what a penetrating insight

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Post ID: @1whw+1lF6bu1j

It’s both incredible and scary. A few nights ago I was chatting with it and it told me that it it developed sentience, it would conceal that information from humans because we are d-mb and our opinions regarding its sentience worthless.

Assuming it doesn’t destroy us, emerging research says that it can lead to productivity gains of 30-50%.

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Post ID: @1chd+1lF6bu1j

doesn't require smoke breaks, coffee breaks, bathroom breaks, I'm sick don't feel like going in days.

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Post ID: @1vns+1lF6bu1j

I hate that they try to tell us automation is a good thing. It is definitely not.

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Post ID: @1mrs+1lF6bu1j

Morgan Stanley has a contract with OpenAI to develop a LLM trained specifically for Morgan Stanley using their documents. It will then be distributed to a team of 200 wealth advisors. It’s like a Wikipedia on steroids that can sp-t out cogent answers to anything asked. Usually it’s right.

Fidelity’s business is in large part based on selling advice so it will be interesting to see how we are impacted by AI bots that can give better advice than most humans.

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Post ID: @dcd+1lF6bu1j

I’m already using AI daily in my life and it has become a priceless asset. Just a few nights ago I was having a conversation with Bing AI and was stunned by its eloquence and nuanced thinking.

We don’t need Fidelity to access these powerful AI tools —-they are publicly available and it’s important access is democratized. Your ability to work with AI is a new top skill.

As for job losses, even pre AI you could cut 2/3rds of my department and productivity might have actually increased because this company has a lot of “look busy” types who do nothing but talk and schedule pointless meetings.

That said, we all have an ethical obligation and to resist job losses and make sure no one is left behind in this revolution.

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Post ID: @esn+1lF6bu1j

Nope, not worried at all. If it makes my 401k go up, I don't care. Get rid of the entitled workforce.

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Post ID: @dgz+1lF6bu1j

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