UBS adopts AI for young banker recruitment

U.S. UPS has reported that mastering artificial intelligence has become an essential requirement for hiring in entry-level banking positions. Applicants are expected to demonstrate skills in using the technology to improve performance and increase efficiency, especially in banking services and global markets. This step comes as hiring requirements shift with the expanding reliance on artificial intelligence, despite warnings of job losses in banking due to increasing automation. Reports predict that more than 200,000 banking jobs could be at risk in the coming years. Nevertheless, the bank emphasizes that AI skills support and complement core skills, rather than replacing them, to maintain a fundamental understanding of banking work.

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