AI agents could disrupt bank deposits. Why Wall Street may be overreacting
Analysts argue that fears of AI agents upending the banking industry are exaggerated, at least for the moment.
Analysts argue that fears of AI agents upending the banking industry are exaggerated, at least for the moment.
Depending on the investor, AI looks either like a huge opportunity or an increasingly risky bet, given heavy infrastructure spending and growing public hostility to data centers. The column argues both views hold, as large venture investments in AI continued this week.
Anthropic published a report saying it is hiring fewer junior technical staff and that human attention has become the main bottleneck as it leans more on its Claude agents. Some experts are sceptical, noting that earlier predictions by its CEO Dario Amodei about jobs and AI-written code did not materialise.
Drawing on Amdahl's Law, the article argues that speeding up one step of a process with AI does little if the other steps stay slow. That bottleneck may explain some of the disappointment companies report with AI.
This episode of the 404 Media podcast covers the latest wave of AI slop, a major AI shake-up at Accenture and the bankruptcy of Character.ai, along with how people are stripping surveillance ads from their TVs.
CNBC reports from Nvidia's GTC conference in Berlin, where enthusiasm for the chipmaker's chief sat alongside robot demonstrations and signs of strain among the so-called neocloud providers.