The Guardian AI·
Bill Winters faced backlash over remarks about some of near 80,000 staff set to lose roles to AI The chief executive of Standard Chartered has apologised for referring to some of the almost 8,000 staff that are set to lose their jobs to artificial intelligence as “lower-value human capital”. Bill Winters offered the apology after a backlash over comments he made earlier this week as the London-headquartered lender became one of the first major global banks to lay out plans to cut about 7,800 back-office roles, primarily in response to AI. Continue reading...
Read full articleStandard Chartered's AI-driven job cuts may face regulatory hurdles, impacting operational strategies and highlighting AI's role in workforce shifts. The post Regulators question Standard Chartered after CEO calls cut roles ‘lower-value human capital’ appeared first on Crypto Briefing.
Standard Chartered's AI-driven job cuts highlight a broader trend of automation reshaping workforce dynamics and profitability strategies. The post Standard Chartered plans to cut 7,500 jobs, replace with AI by 2030 appeared first on Crypto Briefing.
The vibes were strong at Code with Claude, Anthropic’s two-day event for software developers in London that kicked off on May 19, the same day as Google’s I/O in Palo Alto. (A coincidence, not a flex, Anthropic staffers assured me.) “Who here has shipped a pull request in the last week that was completely written…
[PRESS RELEASE – London, UK, May 20th, 2026] Disclaimer Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. WhiteBIT, the largest European cryptocurrency exchange by traffic, has announced the […]
Financial regulators are also asked to review regulations that could be amended to streamline applications for eligible fintech firms seeking bank and credit union charters.
Exclusive: Employment tribunal claim says worker lost his job after distributing leaflets throughout London office Google is facing a legal challenge from an AI engineer who claims he was unfairly dismissed after he protested against its work for the Israeli government, in the latest sign of growing concern about the social and ethical impacts of AI. The engineer distributed flyers around Google DeepMind’s London offices, which read “Google provides military AI to forces committing genocide” and asking colleagues: “Is your paycheck worth this?” He also emailed colleagues about Google’s 2025 decision to drop a promise not to pursue weapons that harm people and surveillance violating international norms and urged them to unionise. Continue reading...
Waving Union Jacks, tens of thousands of supporters of far-right activist Tommy Robinson descended on London’s streets last Saturday for a rally known as “Unite The Kingdom.” Addressing the crowd, Robinson said “we are here in our millions”, and his supporters followed suit online, sharing images of enormous rallies. In reality, London’s Metropolitan Police believe 60,000 demonstrators attended, and several of the viral images online are either AI-generated or using old footage.
A California court ruled on Monday that Elon Musk has waited too long to file a lawsuit against OpenAI's leadership accusing them of misleading the public about their plans to transform the once charity into a for-profit entity. Also in the business news this Tuesday, Standard Chartered cuts thousands of jobs as it accelerates adoption of AI and fires its CEO in South Korea over an insensitive promotional campaign.
