The city as seen from the Shanghai World Financial Centre. The study by BCG says 23 per cent of the jobs in China’s banking, insurance and securities sectors will be affected. It also says AI will improve the efficiency of the remaining employees by 38 per cent. Photo: Bloomberg
2.3 million – the number of jobs that could be lost to artificial intelligence in China’s financial sectors by 2027
Staff engaged in repetitious daily operations likely to bear the brunt of any cuts, says study by Boston Consulting Group
Topic |
Banking & Finance
The city as seen from the Shanghai World Financial Centre. The study by BCG says 23 per cent of the jobs in China’s banking, insurance and securities sectors will be affected. It also says AI will improve the efficiency of the remaining employees by 38 per cent. Photo: Bloomberg