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Wall Street wants everyone using AI – except its job applicants

Wall Street wants everyone using AI – except its job applicants

The big firms are changing their hiring processes to weed out candidates leaning too heavily on artificial intelligence.

Some young candidates clamouring to get in the door of the finance industry are using AI to help them through the exhaustive process.  Bethany Rae

As Wall Street’s biggest firms tout the many ways artificial intelligence is making their employees better, from tellers helping customers with account issues to investment bankers arranging multibillion-dollar deals, there’s one group they don’t want using AI: job candidates.

During the pandemic, banks began using virtual interviews and online tests to screen applicants. That’s made the recruitment process faster and easier, but, with the rise of generative AI, it has also opened the door to candidates using ChatGPT to improve their chances of being picked. Now firms are taking steps to stop such AI use, including deploying detection software, while some hopefuls say they’re merely using the same tools they’re expected to employ once hired.

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Original URL: https://www.afr.com/technology/wall-street-wants-everyone-using-ai-except-its-job-applicants-20251121-p5nhfl