Reported about 1 month ago
JPMorgan Chase CEO Jamie Dimon acknowledges that while AI holds the potential to enhance productivity in banking, it poses challenges for workers at risk of being displaced. Synechron's CEO Faisal Husain highlights that the adoption of AI is still in its infancy, and financial institutions should focus on incremental improvements in workflows rather than seeking a single transformative application. As the technology evolves, banks are urged to prepare for its gradual impact on employment.
Source: YAHOO