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
March 12, 2026
Foley Viewpoints
What To Do If You Receive an NAIC AI Systems Evaluation Tool Pilot Request
Summary & Takeaways: The NAIC’s AI Systems Evaluation Tool Pilot Project has begun generating domiciliary regulator requests for…
March 9, 2026
Foley Viewpoints
Using Loan Regime Split-Dollar Life Insurance to Navigate Nonprofit Executive Compensation Rules
A loan regime split-dollar life insurance arrangement can be an important option to provide retirement benefits to nonprofit executives…
March 9, 2026
Foley Viewpoints
New Markets Tax Credit Financing: Subsidy for Health Care Facilities and Operations
Enacted 25 years ago, the federal New Markets Tax Credit (NMTC) Program has become a powerful financing tool for health care…