Workforce Adaptation

In a bold move that underscores the transformative potential of artificial intelligence in the financial sector, Goldman Sachs has introduced Devin, an autonomous software engineer from AI startup Cognition, marking a significant shift towards a hybrid workforce where human and machine collaboration promises to redefine productivity and innovation on Wall Street.

As the rapid advancement of artificial intelligence looms over the employment landscape, corporate leaders are issuing stark warnings about a future where AI threatens to eliminate half of all entry-level jobs within five years, potentially driving U.S. unemployment to a staggering 20%.