Unemployment for 20- to 30-year-olds in the tech sector has increased 3% since the beginning of the year, Goldman Sachs ...

Unemployment rates among tech workers between 20 and 30 years old jumped by 3 percentage points since the start of this year, ...

Since early 2024, the unemployment rate increase for 20- to 30-year-olds in tech has risen much faster than the overall ...

Goldman Sachs warns generative AI is already affecting US tech jobs, with young workers facing rising unemployment and ...

The New York bank is the latest to offer generative AI to all its employees and agentic AI to developers. Chief Information ...

Goldman Sachs reports that since the launch of ChatGPT, young tech workers have faced a sharp rise in unemployment.

The bank's Chief Economist, Jan Hatzius, estimated in the note that AI will replace 6% to 7% of all U.S. workers within the next decade. However, he predicted that the unemployment rate would only ...

HSBC on Tuesday raised its year-end S&P 500 index target by more than 800 points to 6,400, citing euphoria around artificial ...

Goldman Sachs is rolling out a generative AI assistant to its bankers, traders and asset managers, the first stage in the evolution of a program that will eventually take on the traits of a ...

The number of people used, whether it be a junior banker, analyst or a salesperson, you just don’t need to throw bodies at it anymore.” ...

Goldman Sachs is testing Devin, an autonomous AI agent embedded into its 12,000-person engineering team. The tool is part of the firm’s push to create a hybrid workforce that blends human ...