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Labor market impacts. Some leaders believe that AI will eradicate human jobs, while others argue that the tech will be a jobs creator, not a jobs destroyer. Christian Sutherland-Wong, ...
“Gen[erative] AI and some of these technologies are like swimming: You need to really swim in the water to learn,” says Ankur Agrawal, a partner at McKinsey who focuses on counseling health ...
Brenda Ingram, a Chicago-based financial adviser, said she hopes AI systems could save time and expenses on preparing things like compliance reports. "The mundane, if you can get the AI to do it ...
Large financial institutions use AI to assist with their investment practices. BlackRock 's AI engine, Aladdin , is used both within the company and by clients to help with investment decisions. Its functions include the use of natural language processing to analyze text such as news, broker reports, and social media feeds.
Hong Kong recently introduced a "dual-track" policy for AI adoption in the financial sector, aiming to balance innovation with risk management. The initiative, announced by the Financial Services ...
The impact of artificial intelligence on workers includes both applications to improve worker safety and health, and potential hazards that must be controlled. One potential application is using AI to eliminate hazards by removing humans from hazardous situations that involve risk of stress, overwork, or musculoskeletal injuries.
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