Wall Street Programmers Lose Their Free Lunch

According to Wall Street billionaire Ken Griffin, the days of job security for tech workers are numbered. While speaking to interns at Citadel, Griffin noted that the rise of generative AI has put software engineers at risk. He clarified that finance firms will still have a use for technologists but warned that it won’t be good enough to simply know how to code. Griffin urged programmers to position themselves in a way that adds the most value possible in this post-ChatGPT world. Bank of America developed Banker Assist, an AI-powered tool that helps its bankers research clients. BlackRock announced plans to acquire Kreos Capital, a growth and venture-debt specialist, as it fortifies its private-credit strategy. Meanwhile, John Waldron, COO of Goldman Sachs, explained some of the biggest headwinds that the bank faces amid its plans to make additional cuts. Kim Kardashian shared her game plan for identifying deals at her PE fund, SKKY Partners. Ray Dalio, founder of Bridgewater, predicted that the country is at the start of a debt crisis that will only worsen. Additionally, all-cash homebuyers are disrupting the housing market, and stars like Beyoncé and Drake are performing at private parties for the right price. For those struggling with a sore throat, six immune-boosting drinks may help.