Why Wall Street Is Worried About the AI Revolution

The video discusses the integration of automation and AI in Wall Street, particularly in trading and sales. It highlights the challenges faced in automating credit due to data scarcity and illiquid assets. To overcome this, firms are using natural language processing to create datasets from client interactions. The video also addresses the potential job displacement due to AI, with a shift towards tech roles in finance.

What areas of Wall Street are currently experimenting with AI and automation?

What challenges do machines face when learning to perform credit-related jobs?

How are salespersons and traders creating their own datasets using natural language processing?

What percentage of jobs is estimated to be lost in the next five years due to automation?

What type of new jobs are being created in financial institutions as AI becomes more relevant?