How AI proof will be the 70% of careers in finance in 15 years?
I see that the natural evolution of the AI technology that we currently see in ChatGPT is in its first steps and with the proper human technological guidance and data feeding a lot of roles outside of sales and trading , negotiations and deal origination can be dramatically affected. I'm the type of person that will always support the industries that care of their workers and all that but we all know how ruthless markets are with the "efficiency" thing. How do you guys feel about this technology in the fields of equity research and modeling for example??
So I've always held this view - ChatGPT and AI can inform us of the consensus of a particular security (by reporting all it's relevant financials and giving it's view on those cursory information). It's what we already call the 'Street view' on a security.
What AI can't fill in tho, is the in depth industry knowledge that goes into the assumptions of modelling. That takes decades to hone and most analysts never get to that level in their careers. Fundamental edge, some people might call it
The way I see it, ChatGPT can give us the Street view, know what the market is thinking of/ pricing a security, and leave us to do only the high level thinking that helps us beat the market by knowing where we stand in relation to the market. This isn't anything groundbreaking by any means, it's just that many analysts get bogged down by rudimentary work/ administrative tasks/ stupid client requests/ covering too many stocks, so that it leaves very little time for generating alpha. AI can fill that gap and leave us to do the work we were initially hired for. This has already been done in some degree in WM, where they use robo-advisors for the low level clients, and only direct their expertise to the sophisticated clients
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