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Upbeat bankers privately fret about automation gutting their staffs

Executives tend to downplay any negative effects of AI and automation on their employees -- but what they say in private is different.

By Sarah Ponczek, Hugh Son, Saijel Kishan, Bloomberg | Updated on October 18, 2017
Executives tend to downplay any negative effects of AI and automation on their employees -- but what they say in private is different. (Photo: Shutterstock)

(Bloomberg) – A top executive at a major Wall Street bank is deep into his spiel on how artificial intelligence will make the firm smarter and leaner when he pauses to take a question: What does this mean for young people entering the business?

The silence grows.

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