So much for the theory that European moneyed classes are smarter than American moneyed classes.
Well it is an “analysis” and not a stated plan by European banks, as far as I know.
And it is about ai AND closing down physical branch… what a convenient things to group together…
So… I think this is ai propaganda. While I don’t think European banks are smarter than Americans…
If banks really start integrating their internal systems with AI, I give it a week at best before we go back to using shells and cacao beans as currency.
I wonder how familiar AI will be with those old cobol systems…
The bloodletting will hit hardest in back-office operations, risk management, and compliance
Compliance? Really? They’re going to put the non-deterministic halucination engines in charge of compliance?
I can only hope that the first time this goes south the regulators understand how important it is to make an example to everyone else that a company can not escape liability for their actions just because the AI system that took those actions wasn’t explicitly instructed to do so.
