Representatives from major financial institutions, including Goldman Sachs, JP Morgan Chase, and Morgan Stanley, have not yet provided any comments regarding their plans to implement AI and its potential impact on their hiring strategies. The workplace is undeniably being transformed by generative AI, but the extent of its impact on human jobs remains to be seen. At present, most organizations are in the experimental stages of utilizing AI to supplement employee tasks; however, experts predict that this is likely to change rapidly. The financial industry is expected to be one of the earliest adopters of AI on a large scale, meaning that CIOs and other professionals in this sector may be among the first to witness its influence on their roles within their respective companies. According to a report by the Society for Human Resource Management (SHRM) and the Burning Glass Institute, the financial services, law, and market research industries will be the first to experience the effects of GenAI implementation.

Notable companies like Morgan Stanley, Bank of America, and Northwestern Mutual are cited as being particularly affected. For CIOs in these industries, the adoption of generative AI may result in a decrease in the number of employees requiring technical support and oversight. However, new challenges will arise in terms of implementing and managing AI tools and defining their roles within the organization. In the short term, generative AI is expected to facilitate further automation of financial analysis and reporting, enhance risk mitigation efforts, and optimize financial operations within the financial services sector, as outlined in a report by consulting firm Deloitte titled "The implications of generative AI in Finance".