Standard Chartered CEO Bill Winters apologises for his 'choice of words' used to defend AI layoffs; says: We are committed to help our colleagues cope with ...

Standard Chartered's Bill Winters recently sparked a backlash with comments on AI and "lower-value human capital". Earlier this month, delivering a blunt message on the future of the bank’s workforce, Winters warned that a push into artificial intelligence (AI) will eliminate thousands of roles as the lender replaces “lower-value human capital” with technology.

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