My former employer has gone nuts with AI. Currently, they are having the AI write all the blog posts and marketing on their website, but that's just the beginning. The software team is integrating AI into the audit process, and soon AI will take information entered by the customer and fully write the audit and recs. This will be reviewed by the consultant (my former job) in charge of the account before being sent on to the customer. The auditors who report to the consultants are only going to be coordinating data acquisition with the financial institution and auditors who leave the company won't be replaced.
The audit job starts, depending on experience, anywhere from around 100k (recent college grads) to substantially more (my top auditor who had been there since the company started was at around $175k), so getting rid of them will save the owners a ton of money (as of this moment, there's no plan to get rid of them). That's a hell of a lot of salary for data acquisition, though, and I can't see that going on forever. Personally, though, if I were the CSO of a financial institution, I wouldn't pay $15,000.00 for an audit created by AI. I wouldn't pay anything for it, but if I did, you'd have to cut that price by a huge percentage. You simply aren't charging me that much if you didn't have to pay for labor. So this transition may not be as smooth for them as they think.
My wife (COO) is battling the changes, but the CEO and President are all in. The word when my wife went there shortly after I retired was that she was next in line for CEO (the current CEO is in her late 70s), but my wife has caused so much friction over AI that she'll be lucky to keep her job. She's refusing to back down, and is one reason they aren't planning to outright let people go, so I don't know what's going to happen. Hardly a week goes by without someone offering her a job, so she's not that worried about it.
It is very sobering to think of all the people who could lose their jobs, though. Or in this case, simply never get the jobs to begin with. I hope other companies are not headed in the same direction.