Goldman Sachs Group Kevin Snead said that new employees in the financial industry don't have to wait for years to be promoted to management positions; they have to manage artificial intelligence intelligence agents from the time they enter the job, which also raises the question of where to go for current middle management. Snider is responsible for the Wall Street investment bank's Asia Pacific business outside of Japan. He said at the Milken Institute Asia Summit in Singapore on Thursday: “Now, after our young people join the job, we need to manage AI agents. They must make full use of this virtual team.” He added that past generations of workers often had to work for many years before they had a chance to manage. The reallocation of such positions will become an intergenerational challenge for many business sectors. His statement shows that AI may disrupt the traditional career promotion path in the banking industry — under the traditional model, junior employees must work in analysis and basic work for many years before being promoted to manage others. At this symposium on AI and finance, Snead and the other guests did not worry about large-scale layoffs caused by AI, but rather focused on how to reshape jobs. Snead said, “Management is no longer carried out by middle management; it falls into the hands of frontline employees. We still don't know where this middle class group will go in the future.”

Goldman Sachs Group Kevin Snead said that new employees in the financial industry don't have to wait for years to be promoted to management positions; they have to manage artificial intelligence intelligence agents from the time they enter the job, which also raises the question of where to go for current middle management. Snider is responsible for the Wall Street investment bank's Asia Pacific business outside of Japan. He said at the Milken Institute Asia Summit in Singapore on Thursday: “Now, after our young people join the job, we need to manage AI agents. They must make full use of this virtual team.” He added that past generations of workers often had to work for many years before they had a chance to manage. The reallocation of such positions will become an intergenerational challenge for many business sectors. His statement shows that AI may disrupt the traditional career promotion path in the banking industry — under the traditional model, junior employees must work in analysis and basic work for many years before being promoted to manage others. At this symposium on AI and finance, Snead and the other guests did not worry about large-scale layoffs caused by AI, but rather focused on how to reshape jobs. Snead said, “Management is no longer carried out by middle management; it falls into the hands of frontline employees. We still don't know where this middle class group will go in the future.”