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Kira Systems Blog

"The Robots Are Coming for Wall Street," But Does That Mean They Will Take All The Jobs?

Posted on March 1, 2016 by Noah Waisberg


As software automates more white collar work, does this mean there will be less white collar jobs? This weekend's New York Times Magazine features Nathanial Popper's interesting article "The Robots Are Coming for Wall Street." It is primarily a case study of Kensho, a heavily-funded fintech startup that builds software "capable of answering complex financial questions posed in plain English." In even plainer English, according to the article, Kensho appears to automatically create research reports which previously might have taken days of human effort to create (or not been done at all, a critical point). The article posits that as "Hundreds of financial analysts are being replaced with software", white collar workers are in a lot of trouble.

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| Tagged Kira Systems Updates, Corporate Practice, Machine Intelligence

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