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AI News from ET - AI will destroy and create new jobs, urges staff to embrace change: HSBC CEO

Vishwadeep Khatri
in AI News & Two Lenses

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HSBC's top executive Georges Elhedery stated that artificial intelligence will reshape jobs in finance. The bank is actively retraining its 200,000 employees to embrace this technological shift. This comes as rival Standard Chartered announced significant job cuts due to AI integration. Financial institutions are increasingly focused on cost savings and leveraging AI for efficiency and to combat cyber threats.

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