genai / news / / The Sunday Times
Business secretary Peter Kyle said he 'winced' when he heard Bill Winters' comments.
Peter Kyle publicly criticized Standard Chartered's CEO for calling staff 'lower-value human capital' amid AI cuts.
KEY POINTS
- Standard Chartered is planning to cut thousands of back-office jobs as it increases AI adoption.
- A recent report suggests AI could put at risk one in five jobs in London, about two million roles.
- Kyle announced a £120 million support package for ceramics firms and £350 million for the chemicals industry.
COMPANIES
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