Friday, June 9, 2023

Bots selling to other bots, people not needed

By DAC000 , in Bots , at November 20, 2019 Tags:

So, conventional wisdom holds almost all jobs on Wall Street are vulnerable to Fintech in general and AI specifically, EXCEPT for sales, because humans prefer to buy from humans and would rather sell to other humans.  But what if Bots buy from or sell to other Bots?  Yup.  Less humans are needed.  About a six-minute read.

Comment: this is a recurrent theme we’ve seen played out on Wall Street since the 1980s. Bring in tech, push out people with the old skills, hire people with the new skills and repeat.  It will never end.