Goldman Sachs plans to implement a "hybrid workforce" where humans and AI, including autonomous coders, work together. This shift could lead to significant job cuts across the banking industry propelling an estimated 200,000 job losses in three to five years, according to Bloomberg's research. Argenti, the bank’s tech chief, emphasized that engineers will need to manage AI effectively, arguing, "Those models are basically just as good as any developer."
Goldman Sachs plans to implement a "hybrid workforce" where humans and AI, including autonomous coders, work together. This shift could lead to significant job cuts across the banking industry propelling an estimated 200,000 job losses in three to five years, according to Bloomberg's research. Argenti, the bank’s tech chief, emphasized that engineers will need to manage AI effectively, arguing, "Those models are basically just as good as any developer."