Companies have been using AI to write emails and summarize reports for years. But now, finance teams are testing a smarter kind of AI—one that doesn’t just answer questions but actually handles parts of the workflow. The big question is whether AI can manage tasks across systems while keeping things
Many banks are now struggling to decide how to bring in new workers. A big reason for this is the rise of artificial intelligence. AI can handle simple tasks that once went to entry-level employees. This means fewer people get hired for basic finance jobs. But banks still need young talent. So they
Smart finance teams aren't rushing to rely solely on AI because the hype doesn’t match reality. While AI excels at spotting trends and crunching numbers, it struggles with the deeper work of building financial models—the kind that explain why a business actually works. Most AI tools today can foreca
Money moved faster than ever before in 2025. Scammers used AI tools to steal over thirty-five billion dollars from Americans in just one year. Meanwhile, North Korean hackers quietly collected two billion dollars in crypto tokens within months. Traditional banking rules designed in the 1970s simply
The head of a top hedge fund says machines can finish tasks that once took weeks in just days. The work involves deep financial analysis, normally done by people with master’s degrees or PhDs. Now the fund uses AI programs that learn and decide on their own. This change is not about simple
Many banks and financial groups say they are excited about new AI tools, but they’re also worried that recent college graduates rely too much on them. A New York firm once bragged about its 2025 interns, calling them “true AI natives. ” These students grew up with smart software and generative mo
Companies in private equity and software services are rushing to adopt AI, promising faster financial reports and automated data analysis. The idea is simple: let machines handle the boring, repetitive tasks so humans can focus on big-picture decisions. But there’s a catch. When every firm uses the
Businesses often juggle messy spreadsheets, approvals, and payroll while trying to spot problems early. Now, companies are embedding AI agents directly into the tools they already use—like accounting software and HR systems—to handle routine tasks without losing transparency. Instead of just spittin
Elon Musk’s new venture, xAI, is looking for people who know money to help train its chatbot, Grok. The company wants real bankers and traders to act as tutors so the AI can understand how financial decisions are made. In its job ads, xAI asks for experts in investment banking, portfolio manageme
AI is being sold as the magic tool to find wealthy clients. But top advisors aren't convinced. They say AI can find names and numbers, but that's just the start. The real challenge is getting these busy, wealthy people to trust you. Matthew Fleissig, CEO of Pathstone, knows this well. He manages $1
