Tag: Fortune (magazine)

FinanceTechnology

AI-Driven Trading Sparks Unprecedented Message Surge at NYSE, Reports Show

The New York Stock Exchange is handling unprecedented message volumes driven by AI-powered trading systems, according to recent reports. Daily traffic has surged from 350 billion to 1.2 trillion messages as algorithmic strategies redefine market pace and structure.

Record Message Volumes Transform Trading Landscape

The New York Stock Exchange is experiencing unprecedented message volumes as artificial intelligence and algorithmic systems redefine market operations, according to recent reports. Sources indicate that daily message traffic has surged from approximately 350 billion during the COVID-19 pandemic to a record 1.2 trillion messages this past April, representing what analysts suggest is a fundamental shift in trading infrastructure and strategy.

by Harlow Wesley
AIBusiness

JPMorgan CEO Warns of Inevitable AI-Driven Job Market Transformation, Urges Proactive Adaptation

** JPMorgan Chase CEO Jamie Dimon has issued a stark warning about the impact of artificial intelligence on employment, stating that job losses are an inevitable consequence of the technology’s advancement. In a recent discussion, Dimon urged skeptics to “stop sticking their head in the sand” and emphasized the need for societal preparation, including retraining and income assistance programs. The banking giant has already invested billions in AI, utilizing it for everything from fraud detection to legal analysis. **CONTENT:**

AI Job Displacement “Inevitable,” Says Banking Chief

by Owen Holt