A.I. will cut 200,000 American bank jobs over next decade, researchers say

A.I. will cut 200,000 American bank jobs over next decade, researchers say

Wells Fargo report predicts over 200,000 jobs will be lost.

The banking industry is investing $150 billion a year into tech.

Automation technologies are becoming increasingly more sophisticated. A new era of banking is upon us. The advent and rise of A.I. technological prowess is a force to be reckoned with. No industry is safe. The latest to be in the crosshairs is the banking industry.A recent report from analysts at Wells Fargo & Co. estimates that over 200,000 jobs will be cut over the next decade, as they claim there will be the "greatest transfer from labour […]

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