Goldman Sachs plans to have AI tools available to its workforce soon, potentially altering roles of junior bankers. Consulting firms are adapting to client queries on AI implementation, with generative AI possibly becoming a significant part of their work.
The impact of AI on high-status jobs like investment banking and consulting signifies a shift in the consequences of technological revolutions, affecting white-collar workers significantly this time, unlike previous automation revolutions that mainly impacted lower-wage workers.
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