Future of Finance?

Jan 25, 2020 3 Comments

Do you think eventually AI and services like Robinhood, Wealthfront or other technology will completely replace the work that Investment bankers, VCs etc. do?

Why or why not? What roles do you expect will last 30 years in the future?

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TOP 3 Comments
  • Autonomous Finance is the future.

    Credit Karma has some big releases planned for 2020 on top of the admittedly shitty savings product (that’s basically a beta).

    That said, the moment will be bottom up with the rich still using private personal services.
    Jan 27, 2020 0
  • E*Trade / Finance
    cbEV72

    Go to company page E*Trade Finance

    cbEV72
    No. The nature of work may change for humans, some jobs will disappear but the amount of work is not going anywhere.

    The main reason is that we don’t and will not have AI that is universal enough to replace humans. Consider open outcry trading. It’s basically gone . Yet the number of traders only increased especially if you count supporting staff like quant devs. This specialty didn’t even exist 40 years ago. Bottom line is that if you’re in right place there’ll be more work for you than ever
    Jan 27, 2020 0
  • New
    oHFw25

    New

    oHFw25
    Tech has already replaced investment managers, and slowly hedge funds. VCs and PE will surely shrink over time as well, but it does take a good amount of "investment acumen", that I'm not sure is as easy to quantify with technology. For example, assessing management is a key part of diligence.

    I am hoping tech will help people lessen workload. I'd prefer if AI made jobs easier vs taking all of them away. Just my 2 cents.
    Jan 28, 2020 0