StanChart CEO Says AI Could Replace ‘Lower-Value Human Capital’
Standard Chartered said it plans to eliminate thousands of support roles over the next four years, joining the ranks of global lenders using artificial intelligence to trim headcount. “It’s not about cost cutting,” Chief Executive Officer Bill Winters said at a press briefing in Hong Kong. “It’s about having a structurally more productive environment that is fit for future.” Bloomberg’s Tom Metcalf reports. ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, [See More…]
