How A.I. Can Change the Game For Those Working in Finance
*By Bridgette Webb*
The gradual rise of A.I. in finance may shift priorities for both employers and their employees, said Junta Nakai, global head of business development at fintech company Selerity.
"The desired skill sets in finance are changing and will continue to change," he said Thursday in an interview with Cheddar. "Instead of having the traditional accounting background, it may be more useful to know how to code."
According to a report from Adobe and Econsultancy, 61 percent of the financial companies surveyed already use artificial intelligence or plan to within the next year. Titans of industry like [Barclays](https://www.ft.com/content/3ab7cbf4-8281-11e8-96dd-fa565ec55929) and Goldman Sachs have already introduced the tech into their operations.
As it stands, finance, accounting, management, and economics are among universities’ [most popular majors](https://www.huffingtonpost.com/entry/are-robots-taking-over-the-worlds-finance-jobs_us_595508aee4b0326c0a8d0e23) around the globe. But research indicates 230,000 positions in finance may disappear by 2025, making business degrees a potentially harder sell.
Nakai said more A.I. may change the demand for workers in the finance industry, but he thinks the shift will prove effective. And for now, he added, automation is a trend that's here to stay.
"Automation has been a theme in finance for a very long time. I truly believe that the bank of the future relies on data and technology."
For more on this story, [click here](https://cheddar.com/videos/the-evolution-of-financial-technology).
Southwest Airlines will soon require plus-size travelers to pay for an extra seat in advance if they can't fit within the armrests of one seat. This change is part of several updates the airline is making. The new rule starts on Jan. 27, the same day Southwest begins assigning seats. Currently, plus-size passengers can pay for an extra seat in advance and later get a refund, or request a free extra seat at the airport. Under the new policy, refunds are still possible but not guaranteed. Southwest said in a statement it is updating policies to prepare for assigned seating next year.
Cracker Barrel is sticking with its new logo. For now. But the chain is also apologizing to fans who were angered when the change was announced last week.
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to thwart competition in artificial intelligence.
Hear from Gabino & Stephen Roche on Saphyre’s institutional AI platform that centralizes pre‑ and post‑trade data, redefining settlement speed and accuracy.
Elon Musk’s X has reached a tentative settlement with former employees of the company then known as Twitter who’d sued for $500 million in severance pay.
