AI quietly transforms Wall Street

Artificial intelligence is becoming deeply embedded in Wall Street's daily operations, influencing strategy development, risk assessment, and capital deployment. Firms like JPMorgan and Robeco are increasingly utilising AI to enhance their processes.

AI's impact is seen in entry-level analyst roles, automating tasks like data collection, market prediction and risk assessment. This shift allows analysts to focus on higher-level strategic tasks, potentially improving work-life balance, although it may also lead to a reduction in entry-level positions.

AI systems continuously monitor portfolios and adjust positions to maintain optimal risk levels. The AI trading market is projected to grow significantly, with the global AI trading market expected to nearly triple in size by 2033. This transformation signifies a fundamental shift in how financial markets operate, with AI offering increased efficiency, reduced costs, and the elimination of emotional biases.