Reading up on Wall Street
2 deep · digging since may 08
- Job Cuts Driven by A.I. Are Rising on Wall Street
Wall Street banks are accelerating job cuts as AI automates trading, analysis, and back-office tasks, with executives framing the shift as opening new frontiers.
- AI Bots Auditioning for Wall Street Trading Are Mostly Losing
Most AI systems in trading contests lose money, overtrade, and generate inconsistent decisions even under identical instructions.