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Hi, Is Trading & Investing in stocks banned for software engineers in JP Morgan? What about Mutual Funds, are they restricted/monitored ? Can we trade in Futures & Options ? If not equity stocks, can we trade in commodity exchange? Or maybe Forex exchange? Or Cryptos? Just want to know the boundaries of trading & investment and work accordingly! What are your experiences?
JPMorgan Chase
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None of the roles will be replaced. Just augmented. I am working with an early stage startup that was built using AI tools and I am already seeing huge potential issues that can only be solved by actual people. The biggest issue is reasoning. Yes, despite reasoning models, AI completely misses huge things. I saw this at the large company I worked with previously as well.
My hunch is that we are going to see a reverse hiring of the exact roles that are being let go. Klarna is already doing that after replacing a lot of people with AI.
Interested in learning what tools you are using. What's working well and what isn't there yet? Thanks
Mentor
AI does not have empathy for customers. That is something which cannot be snatched from us along with conflict resolution, stakeholder management... The list goes on.
Entry level engineering is being offshored at a very high rate
I think tier 1 customer support is already heavily offshored, and genAI will only accelerate that.
There’s still a lot of value in design, but I think it will be much more heavily focused on branding and usability, which is probably fine anyways.
Yes most likely all these will cut down jobs across various roles in every org, and reduction in salaries or benefits likely be immediate concerns, but who would be consumers, subscribers or users of all the services or products of most folk in few years dont have extra money for these kinds of products and services to pay for, because jobless ness, low paying jobsmean people now r forced to trim down all services and only keep essential needs .. sorry for doom and gloom but thats the nature that is impacting the white collar community… i asked the same question when chat gpt came and industry leaders evangelists the benefits for a product manager and yet we see hiring is impacted, pay is lesser, no company wants to pay for Product managers as much and this becomes new benchmark for hiring forcing people to accept low pay jobs as economic conditions start to slowly deteriorate and people will have to have to pay bills, have cushion for extra money… while tech advancement is only beneficial for the top 1% rest is going to hit moderately hard in next 1-6years