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Don't fight AI, HSBC CEO tells staff as banks begin job cuts

HSBC appealed ‌to staff ​not to fight AI on Wednesday, saying it would destroy jobs while creating new ones, as banking rival Standard Chartered sought to calm workers over comments that the technology would replace "lower-value human capital". The predictions from two of the world's biggest banks are the clearest ‌sign yet about the upheaval from a technology that can consume and process vast swathes of data, completing tasks previously done by people.

By DevdiscoursePublished 20 May, 10:43 amUpdated 20 May, 10:43 am3 min read
Verified ContextSource-linkedAtlasHour DeskUpdated20 May, 10:43 amAI summary checked for clarity

What happened

HSBC appealed ‌to staff ​not to fight AI on Wednesday, saying it would destroy jobs while creating new ones, as banking rival Standard Chartered sought to calm workers over comments that the technology would replace "lower-value human capital".

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