The bank is using AI to reduce costs and improve accuracy as it parses voice and video recordings of bankers at work
Source: THE WALL STREET JOURNAL
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Deutsche Bank CEO John Cryan, who has been planning a big number of job cuts at the German lender, thinks robots could replace a large chunk of its workforce. Cryan has already cut thousands of jobs as part of a five-year restructuring plan, and he hinted in a Financial Times interview (paywall) that he's ready to cut much deeper by using technology like artificial intelligence and machine learning to automate banking tasks.
Source: Quartz12192
The jury is still out on whether bitcoin is in the bubble zone. But investors who invested Rs 1,00,000 in the cryptocurrency in November 2010 have seen their wealth swell into a humongous Rs 625 crore in just seven years.
Source: ET17208
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