The boss of Standard Chartered has apologised for saying artificial intelligence would replace “lower value” humans.
Bill Winters, who has run the London-listed bank for more than a decade, said this week that Standard Chartered’s push into AI would eliminate thousands of roles, replacing “lower-value human capital” with technology.
The comments sparked a backlash and in a post on LinkedIn on Friday following the uproar, Mr Winters apologised for his choice of words.
