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AI is already driving up unemployment among young tech workers, according to Goldman Sachs
Since early 2024, the unemployment rate increase for 20- to 30-year-olds in tech has risen much faster than the overall ...
Goldman Sachs Warns AI Is Already Displacing Young Tech Workers
Goldman Sachs reports that since the launch of ChatGPT, young tech workers have faced a sharp rise in unemployment.
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Goldman Sachs staff now write a million gen AI prompts a month
The New York bank is the latest to offer generative AI to all its employees and agentic AI to developers. Chief Information ...
Stocks leap on Palantir earnings but Goldman warns the U.S. ‘is near stall speed’—where the economy ‘weakens in a self-reinforcing fashion’
Tech company earnings appear to be driving the stock markets upward today after Palantir delivered a massive quarter after ...
HSBC lifts S&P 500 year-end target to 6,400 on AI boom, easing policy uncertainty
HSBC on Tuesday raised its year-end S&P 500 index target by more than 800 points to 6,400, citing euphoria around artificial ...
Goldman Sachs Hikes TSMC (TSM) Price Target on Strong AI Chip Demand
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among the best stocks to buy for the next 6 months. On ...
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Goldman is assembling a growing arsenal of AI tools. Here's everything ...
Goldman Sachs has been building out its generative AI toolkit. The firm aims to release one of its tools, an AI assistant, to most staff this year. Here's a look at five such tools — the promise ...
AI could wipe out entire Wall Street teams. Here’s who will have staying power.
The number of people used, whether it be a junior banker, analyst or a salesperson, you just don’t need to throw bodies at it anymore.” ...