What gives pause is that these applications are just starting. Some are less than a year old. Project yourself ahead just a few years. How long until bots are doing most of the work? Not that long. A single AI application will soon easily perform the research, calculations, analysis and problem solving that dozens β hundreds - of high-paid Harvard MBAs have been doing on Google and spreadsheets for years.
Firms like Goldman Sachs and UBS can not only save thousands of hours of time using AI but will be able to make better, more profitable decisions. Why hire a Harvard MBA when you can have a robot do the work in their place and do it better, round-the-clock and without the need to cut holiday bonus checks?
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