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The May estimate is twice the bank’s January figure, and the workforce cuts are already happening at UBS, ABN Amro and HSBC. Morgan Stanley has doubled its forecast for AI-driven job losses across the European banking sector, estimating that as much as 20% of total banking employment could be eliminated by 2030 as lenders push […]
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<p>Most enterprise AI deployments so far have focused on coding assistants and customer service bots. Morgan Stanley has deployed agents in one of banking's most accuracy-critical, dead [...]
<p>Two-thirds of enterprises have hedged their AI model strategy, and the past few weeks of controversy around Anthropic’s Claude Fable 5 model showed why that posture has gone mainstream. &l [...]