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fromFortune
2 weeks ago

The AI revolution will cut nearly $1 trillion a year out of S&P 500 budgets, Morgan Stanley says-largely from agents and robots doing human jobs

Corporate America is on the brink of a radical transformation as artificial intelligence adoption could unlock nearly $1 trillion a year in savings, according to a sweeping new analysis by Morgan Stanley. The bank calculates 90% of jobs will be touched in some way by AI automation or augmentation, with cost savings flowing directly from reduced headcount, natural attrition, and automation of knowledge-intensive but routine tasks.
Artificial intelligence
fromFuturism
3 weeks ago

McKinsey Terrified as It Realizes AI Can Do Its Job Perfectly

All those highly-paid suits are at risk as AI agents, AI models designed to autonomously carry out certain tasks, promise to do what they do with instant results - and without six-figure salary demands.
Artificial intelligence
Law
fromAbove the Law
1 month ago

The Impact Of GenAI On In-House And Outside Counsel Relationships: Its Use Is Only Going To Grow - Above the Law

In-house counsel are increasingly using GenAI tools and large language models, impacting their reliance on outside counsel and legal workflows.
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fromTechCrunch
3 months ago
Artificial intelligence

AI may already be shrinking entry-level jobs in tech, new research suggests | TechCrunch

Artificial intelligence
fromTechCrunch
3 months ago

AI may already be shrinking entry-level jobs in tech, new research suggests | TechCrunch

AI is significantly influencing hiring trends, particularly in tech, leading to fewer entry-level positions for new graduates.
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