Thread regarding Fidelity Investments layoffs

Anyone have insights to Fidelity’s plan for A.I — and what that means for our jobs?

A.I is now able to write reasonable code, copy, and generate imagery. Its output isn’t at the level of talented humans, but it does this work in mere seconds and the work is already at the level of your standard white collar worker. I’m hearing from friends in tech that Fidelity has rolled out access to A.I to some selected coders and they are brainstorming ways of incorporating the technology across the firm. J.P Morgan I read in the news will give every employee their own A.I assistant.

Have any BUs discussed how the firm might change in the next few years due to this technology?

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| 1724 views | | 12 replies (last August 14, 2024) | Reply
Post ID: @OP+1tWror5f

12 replies (most recent on top)

Within WI, there is an AI center of excellence team. I recently heard one of them present….Fidelity is going very slow in AI space purposely- just risk aversion I believe. All the other comments makes sense though - the data & people are probably the real issue. But funny thing about that is the top brass don’t underStand that yet.

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Post ID: @4vly+1tWror5f

Fidelity isn't even off the mainframe and you think they are close to AI? That firm will soon be so far behind technology wise, it will have to be sold off piece by piece.

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Post ID: @3rwk+1tWror5f

There is not a single AI leader in the company who can pull this off. Most of them just badges themselves as AI leaders. It will amount to huge cost overruns. Don’t panic.

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Post ID: @3wzm+1tWror5f

I hear they may look to do layoffs inorder to hire the talent needed to build proper solutions. AI is coming for us! Maybe it is time for a union!

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Post ID: @2jmb+1tWror5f

Don't blame it all on Indians. Upper management who know not enough but to rely on the Indians are also to be blamed.

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Post ID: @1rep+1tWror5f

Every department that is loaded with offshore workers has data that is almost unworkable by now.

I have no idea how and why they pay them so much.

It's always the Indians who talk a good game but everything they touch turns to a mass of confusion.

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Post ID: @1mqz+1tWror5f

We do not have the engineering talent to do anything with AI. be serious.

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Post ID: @1bqe+1tWror5f

Copilot...yay. Now MIcrosoft will own your data.

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Post ID: @1ocm+1tWror5f

Fidelity's data isn't ready.

That's all I will say.

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Post ID: @1guw+1tWror5f

AI can’t swipe a badge on connect week, don’t forget what really matters

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Post ID: @wrr+1tWror5f

The chatbots being rolled out are a joke. They are feeding polices to it, making SMEs review/correct it, and users note if it's correct...as if new people will know if it is or is t accurate.
All they want to do is keep rolling stuff out to seem like they are keeping up with technology rather than actually develop grow what we have and fully learn how to use AI in our space.

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Post ID: @oqg+1tWror5f

They don't have a strategy beyond "give a bunch of money to Azure and GitHub"

Literally all of the work being done is the AI council rubber-stamping chatbot projects being cooked up by H1Bs that took a 1 week "intro to GenAI" course

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Post ID: @igc+1tWror5f

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