“Alexa, ask JPMorgan what the price target for Apple is.”
Surprise! Amazon is back. JPMorgan has partnered with Amazon to get Alexa some of the action on Wall Street:
The bank and the e-commerce giant have partnered to provide JPMorgan’s Wall Street users with another way to access its research. Alexa is able to send analysts’ reports and related queries, and the bank is testing other features, like providing prices on bonds or swaps, according to David Hudson, global head of markets execution for the New York-based bank.
Does this mean you can kiss your Bloomberg Terminals goodbye? If the whole Alexa/AI thing catches on, it can definitely change the landscape of how people obtain and handle information in sales and trading. Instead of having to look at screens all day, you could just ask Alexa. Easy as that.
In the near future, it wouldn't be surprising to see AI like Alexa being used many other ways on the job:
The next step is enabling institutional clients to act on the information they’re getting. In the not-so-distant future, Wall Street traders could routinely use Alexa to execute trades, according to Hudson.
This implementation of Alexa is a just another example of Amazon's continuing trend towards entering industries outside of e-commerce. Amazon has already entered some areas of banking (think retail) but is obviously hungry for more.
Would you welcome Alexa in your workplace or are you worried it will eventually take over your job?
Where can you see Amazon/Alexa going next?
Thoughts?
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