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StanChart CEO Says AI Could Replace ‘Lower-Value Human Capital’ 0 (0)

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…]

Bloomberg Television News & Politics

Intel’s Strong AI-Fueled Forecast Tops Estimates 0 (0)

Intel gave a strong sales forecast for the current period, signaling that the struggling chipmaker is finally beginning to benefit from the giant build-out of artificial intelligence infrastructure. Ed Ludlow reports on “Bloomberg The Close.” ——– 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, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en [See More…]

Bloomberg Television News & Politics

Apple Naming Ternus CEO Is a Great Move, Ross Gerber Says 0 (0)

“I couldn’t be happier about it,” Gerber Kawasaki Wealth and Investment Management co-founder and CEO Ross Gerber says while reacting to Apple naming John Ternus as the iPhone maker’s next leader, with Tim Cook shifting to the role of executive chairman. He speaks on “Bloomberg The Close.” ——– 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, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect [See More…]