Thread regarding State Street Corp. layoffs

AI

Do you think AI will be a key driver for innovation in State Street ?
I have my doubts when I see the people leading such initiatives


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@OP Honestly no, and not because I am "anti-AI". I just don't think we could get stakeholders (clients, internal "interested parties") to accurately spec out what they want. Then we would also have the cost and AI has a spotty record for actual ROI. Lastly, because of our industry we are highly regulated and have a lot of tollgates, which almost breaks the purpose to AI. If you want fast development and can take risks, AI is supreme, but that is counter to almost everything at SS and banking in general.

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