AI in Finance and Banking, January 15, 2025
This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Six highlights from this post: Wall Street Faces 200,000 Job Cuts as AI Transforms the Workforce; Can We Statically Locate Knowledge in Large Language Models? Financial Domain and Toxicity Reduction Case Studies; AI Financial Advisers Target Young People Living Paycheck to Paycheck; How AI is changing banking jobs: Rise of the ‘AI whisperer’; Your AI credit models are fine, but their training data is problematic; and Great Southern loan officers use gen AI to ‘chat’ with data.