Latest in News ….. Nitin Garg · Follow Published in A Life to Remember · 2 min read · Just now — Photo by Roman Kraft on Unsplash 1. Banks may cut up to 200,000 jobs in the next 3–5 years due to AI automation. 2. Back-office, middle-office, and customer service roles most at risk. 3. AI is expected to transform roles, not fully replace them. 4. Banks expect a 12–17% increase in profits by 2027, adding $180 billion due to AI-driven productivity. 5. 80% of banks believe generative AI will increase productivity by at least 5%. 6. AI may lead to improved work-life balance, with shorter work weeks for future workers. 7. AI is expected to improve quality of life and overall worker productivity. Source: Bloomberg Bloomberg Edit […]
Original web page at medium.com
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