Why Investment Bankers Are Impervious to Technology

The video discusses the potential of AI and software to replace traditional roles in deal-making, such as rainmakers. It highlights how technology can assist in investment and takeover defense, with apps providing research on vulnerable companies. The discussion also touches on the impact of technology on asset management, suggesting that while not all rainmakers will be replaced, a significant portion might be affected.

What is the main idea behind the concept of robo rainmakers?

• AI replacing all human jobs

• AI taking over some deal-making functions

• AI creating new jobs

• AI improving weather predictions

Which of the following is an example of technology used in deal-making?

• A program for calculating taxes

• A tool for managing employee schedules

• An app that identifies takeover targets

• A software that predicts stock prices

How might AI impact traditional roles in deal-making?

• By eliminating the need for any human interaction

• By allowing some tasks to be outsourced to apps

• By making personal relationships more important

• By increasing the number of rainmakers

What is the perspective of large banks on the use of AI technology?

• They are unaware of its potential

• They believe it will replace all employees

• They are already using it extensively

• They are skeptical about its benefits

What percentage of rainmakers might be affected by AI, according to the discussion?

• 10%

• 30%

• 50%

• 70%