Bank of America Maintains Large Summer Intern Class Despite AI Job Fears
Bank of America is bucking concerns about AI-related job displacement by accepting 2,000 summer interns, maintaining a large class size despite a less than 1% acceptance rate. This indicates the bank's continued investment in human talent and development.
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Bank of America Bucks AI Job Fears With 2,000 Summer Interns - Bloomberg.com
Bank of America Bucks AI Job Fears With 2,000 Summer Interns Bloomberg.com
Read full article →Bank of America accepts less than 1% of summer interns, but its class size isn't shrinking
Bank of America CEO Brian Moynihan has said the bank is managing staffing largely through attrition. John Lamparski/Getty Images Bank of America received around 240,000 internship applications for fewer than 2,000 spots. The number of summer and campus hires is roughly the same as last year, even with AI automation. AI is raising questions about how to teach interns skills they now won't naturally learn on the job. The AI job-pocalypse hasn't come for Bank of America's summer internship — b...
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