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Monday 09 October 2023 07:27:50 GMT

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Google is creating an AI technology called Project Jarvis, aimed at autonomously taking over web browsers to carry out tasks like online research and shopping. Expected to be demoed in December with Google’s latest Gemini language model, Project Jarvis represents a step forward in AI interaction by allowing AI agents to navigate and act directly within browsers on user commands. #GoogleAI #ProjectJarvis #GeminiModel #TechNews

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Applications to MBA programs have increased by 12% this year, with finance concentrations still popular. However, potential MBA graduates should be cautious, as AI is significantly disrupting job prospects in investment banking. Major firms like Goldman Sachs and Morgan Stanley are employing AI tools that can analyze vast amounts of data, summarize reports, and perform tasks traditionally handled by human analysts, reducing the need for new hires, especially those from elite MBA programs. The shift towards AI is rapidly changing the skills required for entry into the industry. Investment banks are increasingly utilizing AI for various functions, including research, client management, and wealth management. AI applications can generate ideas, assess financial health, and optimize operations, leading to significant time savings and improved decision-making. As these tools continue to evolve, many traditional tasks performed by MBAs may soon be automated, raising concerns about job security in the sector and the overall value of an MBA in finance. With the rapid development of AI, a significant percentage of banking jobs could be displaced. Reports suggest that up to 50% of current banking roles might be affected. While some roles will remain, the future will favor those who can leverage AI tools effectively. The article warns that prospective MBA students should consider the implications of AI in their career choices, as traditional paths may no longer guarantee job security or lucrative salaries in the face of advancing technology. #AI #MBA #InvestmentBanking #FutureOfWork #harvard

Applications to MBA programs have increased by 12% this year, with finance concentrations still popular. However, potential MBA graduates should be cautious, as AI is significantly disrupting job prospects in investment banking. Major firms like Goldman Sachs and Morgan Stanley are employing AI tools that can analyze vast amounts of data, summarize reports, and perform tasks traditionally handled by human analysts, reducing the need for new hires, especially those from elite MBA programs. The shift towards AI is rapidly changing the skills required for entry into the industry. Investment banks are increasingly utilizing AI for various functions, including research, client management, and wealth management. AI applications can generate ideas, assess financial health, and optimize operations, leading to significant time savings and improved decision-making. As these tools continue to evolve, many traditional tasks performed by MBAs may soon be automated, raising concerns about job security in the sector and the overall value of an MBA in finance. With the rapid development of AI, a significant percentage of banking jobs could be displaced. Reports suggest that up to 50% of current banking roles might be affected. While some roles will remain, the future will favor those who can leverage AI tools effectively. The article warns that prospective MBA students should consider the implications of AI in their career choices, as traditional paths may no longer guarantee job security or lucrative salaries in the face of advancing technology. #AI #MBA #InvestmentBanking #FutureOfWork #harvard

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