{"id":13632,"date":"2024-06-21T09:45:41","date_gmt":"2024-06-21T01:45:41","guid":{"rendered":"https:\/\/www.1ai.net\/?p=13632"},"modified":"2024-06-21T09:45:41","modified_gmt":"2024-06-21T01:45:41","slug":"%e8%8a%b1%e6%97%97%e8%ad%a6%e5%91%8a%e5%8d%8e%e5%b0%94%e8%a1%97%ef%bc%9aai-%e6%97%b6%e4%bb%a3%e9%93%b6%e8%a1%8c%e4%b8%9a%e5%b0%86%e8%a2%ab%e9%a2%a0%e8%a6%86%ef%bc%8c%e8%a2%ab%e5%8f%96%e4%bb%a3","status":"publish","type":"post","link":"https:\/\/www.1ai.net\/en\/13632.html","title":{"rendered":"Citigroup warns Wall Street: Banking will be disrupted in the AI era, and the number of jobs replaced may exceed that of any other industry"},"content":{"rendered":"<p data-vmark=\"1281\">According to Bloomberg,<a href=\"https:\/\/www.1ai.net\/en\/tag\/%e8%8a%b1%e6%97%97%e9%9b%86%e5%9b%a2\" title=\"[Sees articles with [Citigroup] labels]\" target=\"_blank\" >Citigroup Inc.<\/a>A new report on AI was released on Wednesday local time, and the data shows that<a href=\"https:\/\/www.1ai.net\/en\/tag\/%e9%93%b6%e8%a1%8c\" title=\"[Sees articles with [bank] labels]\" target=\"_blank\" >bank<\/a>About 54% jobs in the industry will potentially be automated.<\/p>\n<p data-vmark=\"2102\">Citigroup says AI could replace banking jobs<strong>likelihood<\/strong><strong>More than any other industry<\/strong>, because AI will disrupt consumers at the financial level and improve employee work efficiency. At the same time, 12% positions in the banking industry will be enhanced by AI.<\/p>\n<p data-vmark=\"f9d9\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13633\" title=\"e94b130a-51c0-4ac0-9fe9-a8ee911fd4d6\" src=\"https:\/\/www.1ai.net\/wp-content\/uploads\/2024\/06\/e94b130a-51c0-4ac0-9fe9-a8ee911fd4d6.png\" alt=\"e94b130a-51c0-4ac0-9fe9-a8ee911fd4d6\" width=\"870\" height=\"1119\" \/><\/p>\n<p data-vmark=\"498c\">Since last year, major banks around the world have been gradually trying to embrace AI, as it is expected to help them to<strong>Increase employee productivity and reduce costs<\/strong>. Citi is no exception, having said it will bring the ability to experiment with different AI technologies to its 40,000 employees, and is already using generative AI technology to quickly navigate the<strong>hundreds of pages<\/strong>of regulatory proposals.<\/p>\n<p data-vmark=\"321f\">Jamie Dimon, CEO of JPMorgan Chase, also expressed his belief that AI could enable employers to reduce the work week to 3.5 days.<\/p>\n<p data-vmark=\"52ac\">David Griffiths, Citi's chief technology officer, said in the report's accompanying article that generative AI\u00a0<strong>Could revolutionize the banking industry<\/strong>, and improve profitability. \"At Citi, we are focused on using AI in a safe and responsible way to empower Citi and our employees.\"<\/p>\n<p data-vmark=\"afbd\">Citigroup also said that even if AI does replace certain roles in the industry, the technology may not lead to a reduction in the number of employees. That's because financial firms will still likely need to hire a lot of\u00a0<strong>AI manager or AI-focused compliance officer<\/strong>In addition, new technologies have not always led to layoffs. In addition, new technology does not always lead to layoffs, as in the 1970s to the mid-1900s, when banks introduced ATMs while the number of human tellers still proliferated.<\/p>\n<p data-vmark=\"d7eb\">A professional within the bank once said that<span class=\"accentTextColor\">Soon-to-be junior Wall Street analysts risk losing their jobs to artificial intelligence<\/span>. Insiders at Goldman Sachs, JPMorgan Chase and several other big banks have made this assertion.<\/p>","protected":false},"excerpt":{"rendered":"<p>According to Bloomberg, Citigroup released a new report on AI on Wednesday local time, with data showing that about 54% jobs in the banking industry will likely be automated. AI is likely to replace more banking jobs than any other industry because it will disrupt consumers at the financial level and increase employee productivity, Citi said. At the same time, 12% jobs in banking will be enhanced by AI. Since last year, major banks around the world have been trying to embrace AI, which is expected to help them improve employee productivity and reduce costs. Citibank is no exception, having said it will bring the ability to experiment with different AI technologies to its 40,000 employees, and is already using generative AI to quickly navigate hundreds of pages of<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[3153,3152],"collection":[],"class_list":["post-13632","post","type-post","status-publish","format-standard","hentry","category-news","tag-3153","tag-3152"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/13632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/comments?post=13632"}],"version-history":[{"count":0,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/13632\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/media?parent=13632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/categories?post=13632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/tags?post=13632"},{"taxonomy":"collection","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/collection?post=13632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}