The financial services sector is facing disruption as AI technologies threaten to displace a considerable share of its workforce.

Based on low-water price targets issued by select Wall Street analysts, the following three premier AI stocks are expected to plunge by up to 86% in the new year.

Global banks are expected to cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence.

Companies across the globe, at least 4 in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum’s (WEF)

The Dutch government said on Thursday it is in discussions with U.S. chip firms Nvidia and AMD about suppling hardware and technological knowledge for a possible artificial intelligence (AI) facility.

The Dutch government said on Thursday it had reached a deal with Nvidia for the supply of hardware and technological knowledge for a possible artificial intelligence (AI) facility. The Netherlands aims to build a facility where an AI 'supercomputer' can contribute to research and development,

The Dutch government said it is holding talks with Nvidia Corp and Advanced Micro Devices Inc. regarding support for the construction of an artificial intelligence facility in the Netherlands.

Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing U.S. leader should not "preempt incoming President Trump" by enacting a last-minute policy.

KEY TAKEAWAYS In its last days in the White House, the Biden administration reportedly is planning new regulations that could be announced as soon as Friday to further limit the export of artificial intelligence (AI) chips by companies like Nvidia.