Nigel Morris warns AI automates work and reduces entry-level roles
AI is quickly taking over tasks that used to be done by people: think call centers, tax prep, and even some investment banking roles.
Nigel Morris from QED Investors points out that companies aren't just automating the easy stuff; companies are also aiming to automate more complex processes such as financial modeling and research.
This shift is expected to lead to layoffs and fewer entry-level opportunities, making it tougher for newcomers in many fields.
Indian banks and insurers adopt AI
Indian banks and insurance firms are doubling down on AI to boost efficiency and manage risks, but they're also facing regulatory uncertainty along the way.
With spending on AI set to double in 2026, QED Investors has already backed eight Indian fintech startups since 2020 and plans to invest another $250 million to $300 million over the next two fund cycles.