WSJ had interesting article in the banking section about our new tec technology officer and the 13 billion dollar project for AI. I guess we can forget about any salary increase again!
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Ahh YES 13 billion in budget half of that too offshore and the rest to sc--w American citizens. And hiring visas to replace them.
Reading comprehension. $13 billion is the annual tech budget for the whole company. That includes $4 billion for “new technologies” as well as whatever it costs to replace a broken button on an ATM.
$13,000,000,000 would translate to a $61,000 annual bonus for every employee at the bank. So, keep that in mind when deciding your degree of loyalty to this place, specifically the “great place to work” sales pitch.
Has it been figured out how to audit an AI for compliance with the many requirements levied on banks? All of them, that is.