Bankers' AI Frenzy Masks a Sadder Truth for Workers The Canadian banking industry has recently become enamored with artificial intelligence (AI), with CEOs at Canada's Big Five banks touting its potential as a game changer.
However, beneath the surface of this enthusiasm lies a more ominous reality: job losses. Estimates suggest that billions of dollars have been invested in AI technology over recent years.
But rather than making operations more efficient or effective, the banks' focus on AI is also an attempt to mitigate the threat of widespread job cuts.