Finance and law jobs under threat by robots: report

Jobs in finance and legal industries could be overtaken by robots and artificial intelligence, according to new research. Robots and machines are predicted to slash business costs. Photo: Getty Robots threaten to take over millions of jobs by 2020, with jobs in manufacturing, finance, legal industries and medicine most at risk, new research finds. According to a report by financial institution Bank of America, almost half of manufacturing jobs will be performed by robots and artificial intelligence within the next five years. It’s estimated that the technology will disrupt 25 million finance and legal jobs globally, through computer systems like roboadvisors, robo-analysts, automated trading, fraud detection and credit risk checking. • Young workers ‘vulnerable’ in the digital age• Technology could kill 5 million jobs in Australia• Gates warns of robot rise The report draws on the latest research to outline the impact of what…

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