Wall Street could cut 200,000 jobs due to AI 😳🤖; Adyen launches AI-powered payment platform 🤖💳

FinTech is Eating the World, 9 January

Hey Everyone,

Good morning & happy Friday! Today’s issue is especially interesting, and it’s all about artificial intelligence + finance. Today we’re looking at Wall Street that could cut 200,000 jobs due to AI (what it’s all about & what to expect next + bonus dives into AI leaders JPMorgan & Klarna and a list of top AI startups from 2024 & their pitch decks), and Adyen that just launched an AI-powered payment platform (what it’s all about & why it matters + a bonus deep dive into Adyen and why you should be bullish on them in 2025). So let’s just jump straight into the good stuff 🌶️

Wall Street could cut 200,000 jobs due to AI 😳🤖

The news 🗞️ A new Bloomberg Intelligence report reveals that artificial intelligence could lead to approximately 200,000 job cuts in global banks over the next three to five years, marking a significant transformation in the financial services sector. Ouch 😳

Let’s take a look at this, see what it’s all about, and what to expect next.