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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

Crusoe CEO: Data Center Indusry Has a ‘Marketing Issue’

Crusoe CEO Chase Lochmiller discusses the AI infrastructure company’s nearly $4 billion in fresh funding sending its valuation to almost $31 billion. He also discusses how it will fuel the company’s push to build AI infrastructure spanning data centers, cloud computing and managed AI services. He says Crusoe could eventually enter the public markets and…

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Crusoe CEO Chase Lochmiller discusses the AI infrastructure company’s nearly $4 billion in fresh funding sending its valuation to almost $31 billion. He also discusses how it will fuel the company’s push to build AI infrastructure spanning data centers, cloud computing and managed AI services. He says Crusoe could eventually enter the public markets and pushes back against growing opposition to data centers, arguing the industry has a “marketing issue” and needs to better communicate its impact on water, jobs and local tax revenue. He joins Ed Ludlow on “Bloomberg Tech.”
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Former FTC Technologist Warns Against an AI ‘Cartel’

As frontier AI labs seek greater coordination on safety, Neil Chilson, Head of AI Policy at the Abundance Institute and former FTC Chief Technologist, warns that government-backed antitrust exemptions could create a durable “cartel” that ultimately harms competition. He argues companies can collaborate on safety standards without suspending antitrust rules, and that existing consumer-protection and…

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As frontier AI labs seek greater coordination on safety, Neil Chilson, Head of AI Policy at the Abundance Institute and former FTC Chief Technologist, warns that government-backed antitrust exemptions could create a durable “cartel” that ultimately harms competition. He argues companies can collaborate on safety standards without suspending antitrust rules, and that existing consumer-protection and liability laws already provide tools for addressing harms caused by AI. He joins Ed Ludlow on “Bloomberg Tech.”
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Anthropic Investor Franklin: AI Safety Concerns Won’t Slow Spending

Calls to “pace” development at the AI frontier are unlikely to translate into a slowdown in infrastructure spending, according to Sara Araghi, Franklin Templeton Portfolio Manager and Franklin Venture Partner. She argues that even if labs temper some model training, growing inference demand will continue to require enormous amounts of compute. Araghi also discusses why…

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Calls to “pace” development at the AI frontier are unlikely to translate into a slowdown in infrastructure spending, according to Sara Araghi, Franklin Templeton Portfolio Manager and Franklin Venture Partner. She argues that even if labs temper some model training, growing inference demand will continue to require enormous amounts of compute. Araghi also discusses why heightened AI safety concerns could boost demand for cybersecurity and why she doesn’t expect the debate to derail funding or anticipated AI IPOs. She joins Ed Ludlow on “Bloomberg Tech.”
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