The AI Revolution in Banking: Reshaping the Landscape for Coders and Beyond

According to the video, Artificial Intelligence (AI) will have a significant impact on the world of banking, specifically for coders.

The speaker, Brian Downing, who runs the Youtube channel Quant Labs, discusses a recent article by E Financial Careers that predicts AI will eliminate junior coders by 2028.

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An ex managing director ran the asset wealth management division at Goldman Sachs, is quoted in the article saying that AI agents will replace junior coders. These AI agents would be proprietary and developed in-house by banks. Downing says this makes sense because it aligns with what he has explained in previous podcasts.

The impact of AI will not be limited to just junior coders. The article also says that the role of mid-level technologists will evolve to include more business and customer-centric responsibilities. Senior management and supervisory roles will also require these skills in order to be valuable to financial institutions.

Downing recommends that those who want to stay ahead of the curve in this field should focus on agentic AI use cases. He mentions that there is a new group on his website, Quant Labs, where people can sign up to learn more.

The video concludes with Downing mentioning that everything on his website is currently priced in Canadian dollars but will be raised to US dollars soon. He says that this is a good time to buy because it will be the cheapest price ever offered ... https://www.youtube.com/watch?v=61_mFbKvY5k