Having AI handle human work could result in big savings for banks and technology companies. Research estimates that banks and some technology companies spend 60-80% (or more) of their payrolls on workers in occupations most likely to be affected by AI.
Separately, the report found that the retail, restaurant, and transportation industries are least likely to be affected by generative AI development.
Most experts expect that AI will mostly CHANGE jobs for the next few years rather than ELIMINATE them. How will AI change your job?
New research suggests that generative A.I. — the kind used in chatbots like OpenAI’s ChatGPT — will have its biggest impact on white-collar workers with high-paying jobs in industries like banking and tech.
View referenced article
Author(s)
Related Insights
April 15, 2026
Foley Viewpoints
Those Unpredictable Teen Years: A Practical Guide to Considerations for Maturing ESOPs
Employee stock ownership plans (ESOPs) have proven to be powerful tools for aligning employee interests with company success and creating…
April 15, 2026
Foley Viewpoints
Demystifying the Duty of Prudence: DOL Proposes ERISA Safe Harbor for Designated Investment Alternatives in Retirement Plans
On March 31, 2026, the Department of Labor (DOL) published a proposed regulation (the Proposed Regulation) creating a new safe harbor for…
April 13, 2026
Foley Viewpoints
The System for Securing Tax Debts Contested by Taxpayers Made More Flexible
On April 9, 2026, a crucial amendment to Mexico’s Federal Tax Code (CFF) was published, restoring taxpayers’ ability to choose the type of tax guarantee that best suits their needs when securing tax liabilities and thereby avoiding collection actions by the tax authority while any defenses filed are being processed. This gives taxpayers back control over the protection of their interests while litigation regarding tax debts is ongoing.