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At UBS, AI skills are now a condition for landing a job

UBS will require 2027 graduate and intern applicants in Global Banking to demonstrate AI skills, among the first major banks to do so.

Per the Financial Times, UBS will require candidates for 2027 graduate and internship roles in Global Banking and Markets to show how they use AI to improve outcomes and efficiency, with AI questions included in interviews. The requirement supplements, not replaces, traditional criteria, and Santander is similarly seeking advanced AI users for some trainee programs. Morgan Stanley analysts project more than 200,000 European banking jobs could disappear within five years as routine junior work is automated; UBS is also testing analyst avatars for client presentations.

The Decoder · 9d agoAI industry

If the Markets Reject OpenAI and Anthropic, the US Should Nationalize Them

Opinion essay argues the US should nationalize OpenAI and Anthropic into public labs if markets reject their trillion-dollar IPO valuations.

Sanders and Schneier argue in The Guardian that OpenAI and Anthropic may never be sustainably profitable, citing commodity models, short depreciation windows, and free open-source competitors only months behind in capability. They propose converting the labs into US national labs or regulated public utilities if markets reject their recently filed IPOs, which buzz valued at trillions of dollars. They cite public backlash to AI datacenters, Nvidia's slumping stock, and public AI labs in Switzerland, Spain, and Singapore as context.

Schneier on Security · Aug 15, 2026AI industry