As AI threatens to eliminate entry-level jobs by automating menial tasks, the finance industry is grappling with how it can screen for employees with the critical-thinking skills needed to get the best out of AI tools that are both imperfect and constantly evolving. — Pixabay
As Wall Street’s biggest firms tout the many ways artificial intelligence is making their employees better, from tellers helping customers with account issues to investment bankers arranging multibillion-dollar deals, there’s one group they don’t want using AI: job candidates.
During the pandemic, banks began using virtual interviews and online tests to screen applicants. That’s made the recruitment process faster and easier, but, with the rise of generative AI, it’s also opened the door to candidates using ChatGPT to improve their chances of being picked. Now firms are taking steps to stop such AI use, including deploying detection software, while some hopefuls say they’re merely using the same tools they’re expected to employ once hired.
