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Banks to Lose 200,000 Jobs Due to Automation Over Next Decade, Analyst Mayo Says

Oct.22 — Michael Mayo, Wells Fargo Securities senior bank analyst and head of U.S. large-cap bank research, discusses the outlook for financial technology’s impact on the banking industry with Bloomberg’s Taylor Riggs on “Bloomberg Technology.”

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Oct.22 — Michael Mayo, Wells Fargo Securities senior bank analyst and head of U.S. large-cap bank research, discusses the outlook for financial technology’s impact on the banking industry with Bloomberg’s Taylor Riggs on “Bloomberg Technology.”

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13 Comments

13 Comments

  1. LuciD AYS

    October 22, 2019 at 11:31 pm

    N

  2. raphael francis AMIGO

    October 22, 2019 at 11:32 pm

    banks will use ripple

  3. Swymco

    October 22, 2019 at 11:36 pm

    The hoody observation was pretty funny.

  4. PG Beats

    October 23, 2019 at 12:03 am

    Banks using xrp.

  5. Kev Ngu

    October 23, 2019 at 12:06 am

    #google andrew yang #yang2020

  6. allowedme

    October 23, 2019 at 1:58 am

    Yang2020.com has the perfect solutions.

  7. Christoher Gomez

    October 23, 2019 at 2:10 am

    #AndrewYang2020!!!

  8. m6m17

    October 23, 2019 at 3:17 am

    tech is losing in white collar job too?

  9. robert lee

    October 23, 2019 at 3:35 am

    So, Andrew Yang has been telling truth all these time?

  10. Fun Tube

    October 23, 2019 at 4:50 am

    20 plus online jobs available here with handsome sallery packages

  11. Paul Tremblay

    October 23, 2019 at 5:22 am

    When nobody work and can’t deposit, am guessing that robots will

  12. Joel Bondurant

    October 23, 2019 at 7:36 am

    Hooray!!! Great news!

  13. Abu Feras Abdullah

    October 23, 2019 at 12:54 pm

    Totally agree, it’s archeological Mick

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Bloomberg Technology

Chip Selloff, SpaceX, and Apple’s $5 Trillion Milestone | Bloomberg Tech 7/28/2026

Bloomberg’s Ed Ludlow breaks down the selloff in chip stocks dragging the Nasdaq 100 near correction territory, after signs of progress in China’s chipmaking add to worries about the sustainability of the AI spending boom. Plus, SpaceX shares erase a fifth of their value since the record-setting debut of Musk’s company, as investors start to…

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Bloomberg’s Ed Ludlow breaks down the selloff in chip stocks dragging the Nasdaq 100 near correction territory, after signs of progress in China’s chipmaking add to worries about the sustainability of the AI spending boom. Plus, SpaceX shares erase a fifth of their value since the record-setting debut of Musk’s company, as investors start to avoid riskier tech firms. And, Apple briefly becomes just the second company ever to achieve a $5 trillion market valuation.

Chapters:
00:00:00 – Bloomberg Tech Begins
00:01:45 – Bloomberg’s Peter Elstrom on China’s Chip Advances
00:03:56 – Bloomberg’s Bailey Lipschultz on SpaceX’s Post-IPO Slide
00:07:21 – Shanti Kelemen, 7IM Co-Chief Investment Officer
00:12:57 – Bloomberg’s Michael Shepard on Tech Leaders Warning Against US Ban on Open-Weight AI
00:16:28 – Hayete Gallot, Microsoft Security Executive Vice President
00:19:41 – Talking Tech
00:20:36 – Bloomberg’s Kurt Wagner on Meta and BlackRock’s Plan to Build $14B Data Center
00:23:51 – Bloomberg’s Ryan Vlastelica on Chip Selloff, AI Spending Concerns
00:26:55 – Bloomberg Intelligence’s George Ferguson Discusses SpaceX’s Post-IPO Slide
00:29:41 – Bloomberg’s Dana Wollman on Apple’s Newest Smart Home Products
00:31:42 – Cathy Gao, Sapphire Ventures Partner
00:41:47 – Bloomberg’s Brody Ford on AI’s Decimation of Call Center Jobs
——–
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Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
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Bloomberg Technology

Apple’s Big Smart Home Push, With Siri AI Front and Center

Apple is preparing a new push into the smart home market with fresh devices and software, including a hub device built around the new Siri AI assistant, according to sources. Bloomberg’s Dana Wollman joins Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes…

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Apple is preparing a new push into the smart home market with fresh devices and software, including a hub device built around the new Siri AI assistant, according to sources. Bloomberg’s Dana Wollman joins Ed Ludlow on “Bloomberg Tech.”
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Bloomberg Technology

Open-Weight Backers Stand to Profit, Says Sapphire Ventures

As venture investors look for the next wave of value creation, Sapphire Ventures partner Cathy Gao says the answer isn’t another foundation model, it’s AI built for industries like healthcare, real estate, and legal services. Gao also explains why she isn’t surprised by a letter from Nvidia, Microsoft and others supporting open-weight models. She joins…

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As venture investors look for the next wave of value creation, Sapphire Ventures partner Cathy Gao says the answer isn’t another foundation model, it’s AI built for industries like healthcare, real estate, and legal services. Gao also explains why she isn’t surprised by a letter from Nvidia, Microsoft and others supporting open-weight models. She joins Ed Ludlow on “Bloomberg Tech.”
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
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