Sebastián Salazar

Just spent some time catching up with an old coworker, who now works at the VP level at a boutique investment bank Was asking him about analyst use of AI and thought his insight was quite fascinating More people are using AI now vs just few months ago, and it absolutely cuts down a lot of time from mundane tasks Just tedious things like arranging logos on a deck or managing a contact log for investors would require analyst resources behind it. Now an Associate or VP with Claude can just do it by themselves with minimal effort However, the work hours have not gone down at all for the analysts. Since senior folks know about the capabilities of AI, they are now staffing analysts across more deals at any given time Not only that, MDs are chasing after new mandates more often than before. Directors are coming up with new tasks for their analysts, like maintaining tear sheets or comp sets on niche verticals. VPs are asking for more pages and trying to show more analysis to clients than before In summary, the duration of any single task has gone down because of AI. However, this has been offset with new work that the firm and group simply never had capacity to do before Instead of reducing hours, it has opened up room for his group to chase after more revenue and provide better/faster work to existing clients. Suspect this is also what is happening across many industries and companies, not just in banking or finance Walked away with the reinforced belief that the entire job loss narrative of AI is just doomerism