Despite repeated technological upheavals, finance has preserved its profits by reinventing fee-generating services, but the rise of AI could ultimately render much of the industry irrelevant. https://www.japantimes.co.jp/commentary/2026/04/01/world/ai-threatens-profit-machine/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #artificialintelligence #ai #banks #lending #stocks #bonds #wallstreet
AI threatens the finance industry's perpetual profit machine

The utopian promise of AI is abundance, but the only guaranteed beneficiaries are the super elites that own the machines.

The Japan Times