Earn Your Leisure

The Impact of Artificial Intelligence on Financial Services

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Sinopsis

In this episode, Rashad Bilal and Troy Millings sit down with Thasunda Brown Duckett, the CEO of TIAA, to discuss the impact of artificial intelligence on the financial services sector. The conversation delves into the potential ramifications of AI on the global job market, the strategies for leveraging AI in financial companies, and the importance of educating and empowering employees in the face of technological shifts.With the rise of AI, there are looming concerns about the displacement of jobs. Reports suggest a potentially significant impact, with 25% of global jobs at risk over the next ten years, and a staggering 40% within the next 20 years. Thasunda Brown Duckett emphasizes the need for a balanced perspective, highlighting the importance of understanding the risks involved and ensuring data protection as fundamental considerations for companies venturing into AI.Moreover, the discussion offers insights into how AI is not confined to a particular department, but rather permeates across all roles and