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Goldman Sachs & JPMorgan s 22-year-olds on $100k salaries may go extinct

Two thirds of junior banking jobs could be replaced by AI.

United statesUnited kingdomNew yorkLarry robbinsJamie dimonWilliam blairPaul hwangRob losquadroElon muskGabriel stengelPerella weinbergMichael geberNick carcaterraGregg lemkauJay horineStewart hagestad

Wall street: The worst part of a Wall Street career may be coming to an end

Generative artificial intelligence is reshaping the landscape of investment banking, particularly in roles traditionally held by junior analysts. AI technologies like those being tested at Goldman Sachs and other major banks are capable of performing tasks that previously took hours or even whole weekends for human analysts. This includes assembling PowerPoint presentations, crunching numbers in Excel spreadsheets, and refining language in financial documents. The widespread adoption of AI in banking could lead to significant changes in hiring practices, with the potential for fewer junior analyst positions and altered job responsibilities for those who remain.

United statesNew yorkGregory larkinMichael pizziStephen schwarzmanMichael bloombergJay horineGabriel stengelGoldman sachNick carcaterraChristoph rabenseifnerJulia dharJamie dimonKitty hawkDeutsche bankBehavioral science lab

The worst part of a Wall Street career may be coming to an end

Generative AI has landed on Wall Street. And investment banks are rapidly turning into Exhibit A on how the new technology could not only supplement but supplant entire ranks of workers

United statesNew yorkKitty hawkGabriel stengelJulia dharNick carcaterraMichael pizziStephen schwarzmanJamie dimonGoldman sachJay horineChristoph rabenseifnerMichael bloombergGregory larkinNew york timesMorgan stanley

Goldman Sachs : ETF Accelerator Announces New Fund Launched Through the Platform with the Listing of Eagle Capital Management s First ETF -March 25, 2024 at 08:35 am EDT

Eagle Capital Management leverages Goldman Sachs ETF Accelerator to launch its first exchange traded fund. NEW YORK, March 25, 2024 - Today, Goldman Sachs.

New yorkUnited statesNick carcaterraLisa mantilGoldman sachsEagle capital managementEagle capital select equityGlobal head

Nasdaq Private Market Closes $62 4 Million Series B Financing, Led by Nasdaq, with New Investments from BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo

Nasdaq Private Market Closes $62 4 Million Series B Financing, Led by Nasdaq, with New Investments from BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo
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