Insensitive wording cannot divert from the reality that investment in AI only makes sense if work requires fewer employees

The global bank earlier said it would cut 15 per cent of corporate function roles – or more than 7,000 jobs – by 2030.

Bill Winters said he was "sorry" for his "choice of words" and said the bank valued "all" of its employees.

Standard Chartered CEO Bill Winters has apologized for comments about artificial intelligence replacing workers. He stated that the bank is investing in AI technology. This move…