This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Seven highlights from this post: AI Managed Household Portfolios: A Preliminary Report; Climate Risk and AI: Banking’s Next Regulatory Frontier’; The Microstructure of AI Diffusion: Evidence from Firms, Business Functions, and Worker Tasks; Financial Stability Risks Mount as Artificial Intelligence Fuels Cyberattacks; Anthropic deepens finance push with 10 new AI agents for banks, insurers; Global finance watchdog warns over private credit industry fuelling AI boom; and OpenAI launched a new set of personal finance tools in preview for ChatGPT Pro subscribers in the U.S., letting them connect their accounts and ask questions ranging from spending analysis to future financial planning.

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This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: Job Cuts Driven By AI Are Rising On Wall Street; The $19.8 Billion Signal: What JPMorgan’s Tech Budget Tells Every Banking CEO; Understanding Firms’ AI Efforts and Their Economic Impact; 51% of U.S. Consumers Expect AI to Replace Financial Advisors; and Bloomberg, the OG of financial data firms, has a potent new AI agent.

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This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Six highlights from this post: Goldman Sachs and Morgan Stanley see their stocks soar as the AI boom fuels big bank; Forecasting the Economic Effects of AI; The new, AI-powered Google Finance is expanding to more than 100 countries; Wall Street Banks Cut 5,000 Jobs Even as They Notched Record Profits; Financial institutions are no longer just managing risk and capital: They are building algorithms, deploying machine learning models; and UNC Charlotte unveils M.S. in Financial Engineering and Fintech to meet rising demand for AI-driven finance talent.

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This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. Seven highlights from this post: How does AI Distribute the pie? Large Language Models and the Ultimatum Game; AI Meets Fiscal Policy: Mapping Government Spending Actions Across 64 Countries; Anthropic suggests AI might be worse for hedge fund employees than bankers; Chaining Tasks, Redefining Work: A Theory of AI Automation; Where global economies sit in the AI stack; Labor market impacts of AI: A new measure and early evidence; and Federal Reserve Bank of Dallas – AI is simultaneously aiding and replacing workers, wage data suggest.

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