Wall Street firms are implementing artificial intelligence to automate mundane and time-consuming tasks traditionally performed by junior bankers, freeing them up for more strategic work. This shift is being led by companies such as Bloomberg, which provides AI-powered tools to the financial industry. Junior bankers in New York City, particularly those at Goldman Sachs and JPMorgan Chase, are seeing their workload change as a result of this trend.
https://news.bloomberglaw.com/securities-law/junior-bankers-say-grunt-work-matters-as-ai-takes-on-hated-tasks