Standard Chartered CEO Bill Winters' description of some workers as "lower-value human capital" was "inartful," JPMorgan CEO Jamie Dimon said.

The Asian-focused bank unveiled plans on Tuesday to cut around 7,800 jobs as it ramps up the use of AI across its operations.

Bill Winters drew criticism on social media and from a former head of state after describing workers as "lower-value human capital" at an investor event

Bank says chief executive's AI comments were 'taken out of context'

JPMorgan plans to hire more AI engineers while cutting back-office roles, with CFO calling for hiring freezes and a projected 10% reduction in operations jobs.

Jamie Dimon revealed JPMorgan Chase plans to prioritize hiring AI specialists over traditional bankers as artificial intelligence transforms the financial industry.

Speaking from Shanghai, Dimon stated, "There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will…

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Prezes amerykańskiego banku JPMorgan twierdzi, że sztuczna inteligencja (AI) z powodzeniem może zastąpić część bankowców. W podobny sposób wypowiadają się już największe banki…

Standard Chartered CEO Bill Winters' description of some workers as "lower-value human capital" was "inartful," JPMorgan CEO Jamie Dimon said.

Jamie Dimon - regarded as one of the world's most influential financial figures - said: "I think [AI} will reduce our jobs down the road."

Jamie Dimon says JPMorgan will hire more AI specialists and fewer traditional bankers, as AI boosts productivity across operations.

Dimon said that AI will impact "every job," and acknowledged efficiencies from the technology will lead to downsizing.

Los comentarios de Dimon reflejan un giro más amplio de la industria hacia la automatización que está redefiniendo la fuerza laboral financiera global. A medida que la IA se…

JPMorgan CEO Jamie Dimon says AI will reduce the bank's headcount within five years as the firm hires AI and blockchain experts over traditional bankers.

The Asian-focused bank unveiled plans on Tuesday to cut around 7,800 jobs as it ramps up the use of AI across its operations

Winters expresses regret for his choice of words describing how AI would replace some workers at the lender.

"For that, I am sorry. I am therefore showing below a verbatim transcript..."

Bill Winters says 'we have a responsibility to help colleagues move into higher-value roles'

Standard Chartered CEO Bill Winters apologized after calling staff replaced by AI 'lower-value human capital' as the bank plans to cut 8,000 roles by 2030.

Standard Chartered CEO Bill Winters apologized after calling workers affected by 8,000 AI-driven job cuts 'lower-value human capital,' prompting regulatory inquiries.