The boss of Standard Chartered has apologised after describing employees whose jobs are vulnerable to being replaced by Artificial Intelligence (AI) as lower value human capital. Discussing how automation was likely to lead to thousands of job cuts at the bank at a recent conference, Bill Winters said it wasn't about cost cutting but replacing, in some cases, lower value, human capital, with the financial capital and the investment capital that we're putting in. He later sought to contextualise the remarks via LinkedIn and said he was sorry for his wording, which had caused upset to some colleagues. He said he was committed to helping staff cope with the accelerating pace of change. The rise of AI tools has led to predictions of huge job losses, particularly for tech workers and graduates.

Banking giant Standard Chartered has become the latest major company to announce job cuts as it increases its adoption of artificial intelligence (AI). The firm, which has its headquarters in the UK, said it will cut more than 15%, or around 7,800, back-office roles by 2030. The BBC understands that Standard Chartered aims to move some of the effected workers to other roles in the business. Companies around the world have announced major job cuts in recent months as they increasingly use AI tools for roles currently carried out by humans. The company did not give details of where the roles would be cut.

Meta to track workers' clicks and keystrokes to train AI Meta will start tracking the way employees work, including their keystrokes and mouse clicks, to train its artificial intelligence (AI) models. The company, which owns Instagram and Facebook, told workers on Tuesday that a new tool will run on Meta's computers and internal apps, logging their activity to be used as training data for AI technology. A Meta spokesman told the BBC: If we're building agents to help people complete everyday tasks using computers, our models need real examples of how people actually use them. The data is not used for any other purpose, he said, adding that the tool has safeguards in place to protect sensitive content. But one Meta employee, who asked not to be identified, said having their smallest actions on a computer being used to train AI model as workers expect a slew of additional job cuts feels very dystopian.

AI has been blamed for more than 1,000 job cuts in Australia in the past few months. AI has been blamed for more than 1,000 job cuts in Australia in the past few months. Will AI take Australian jobs, or is it just an excuse for corporate restructure? More than 1,000 local tech jobs have recently been cut, with companies citing AI productivity gains. But that's not the full story, experts say T eresa Lim has one of the most recognisable voices in Australia.

Meta boss Mark Zuckerberg plans to ramp up spending on artificial intelligence (AI) projects this year, even as other executives warn of a potential bubble in the industry. During a call with financial analysts on Wednesday to discuss the Facebook-owner's 2025 financial results, the company said it expects to spend up to $135bn (£97bn) this year, mostly on infrastructure related to AI. That is nearly twice the $72bn Meta spent last year on AI projects and infrastructure. In the last three years, the technology giant has spent roughly $140bn in an attempt to get ahead of the AI boom. Zuckerberg said on Wednesday that he is expecting 2026 to be the year that AI dramatically changes the way we work.

HP has announced a lower-than-expected profit outlook for the coming year. HP has announced a lower-than-expected profit outlook for the coming year. Up to 6,000 jobs are to go at HP worldwide in the next three years as the US computer and printer maker increasingly adopts AI to speed up product development. Announcing a lower-than-expected profit outlook for the coming year, HP said it would cut between 4,000 and 6,000 jobs by the end of October 2028. It has about 56,000 employees.

Plus: Why other industries are keeping such a close eye on Big Tech's job cuts It is July 2027, and China is on the brink of invading Taiwan. Autonomous drones with AI targeting capabilities are primed to overpower the island's air defenses as a series of crippling AI-generated cyberattacks cut off energy supplies and key communications. In the meantime, a vast disinformation campaign enacted by an AI-powered pro-Chinese meme farm spreads across global social media, deadening the outcry at Beijing's act of aggression. Scenarios such as this have brought dystopian horror to the debate about the use of AI in warfare. Military commanders hope for a digitally enhanced force that is faster and more accurate than human-directed combat. But there are fears that as AI assumes an increasingly central role, these same commanders will lose control of a conflict that escalates too quickly and lacks ethical or legal oversight.

Is artificial intelligence to blame for Amazon job cuts? Multinational technology company Amazon is laying off about 14,000 employees, the company has confirmed . A message sent out to staff on the company's website followed media reports that the group was planning 30,000 job cuts. News of the layoffs on Tuesday came just a few months after CEO Andrew Jassy said the rollout of artificial intelligence (AI) technology was likely to s pell job cuts . He also launched an "inefficiencies initiative" in which he invited workers to report unnecessary bureaucracy and inefficiencies that could be targeted for cost savings.

Amazon is planning major job cuts among its corporate workers as soon as this week, multiple media outlets have reported. The online retail giant plans to lay off as many as 30,000 employees as part of cost-cutting measures led by chief executive Andy Jassy, according to the Wall Street Journal and Reuters. Each cited sources stating the same number of layoffs. Amazon declined to comment when contacted by the BBC. If confirmed, the layoffs could be one of the largest seen in recent months.

SoftBank's Vision Fund mulls 20% job cuts after Son's pivot to AI SoftBank Group's Vision Fund is considering cutting as much as 20% of its staff. SoftBank Group's Vision Fund is considering cutting as much as 20% of its staff, a person familiar with the matter said, underscoring a shift in CEO Masayoshi Son's focus to ambitious bets on artificial intelligence. The unit, which employed about 282 people as of the end of March, may shed more than 50 roles, the person said, asking not to be identified discussing private deliberations. The reduction extends years of cutbacks as the Vision Fund unit shrank in importance next to Son's growing appetite for big AI bets. Those include a plan to invest about $30 billion in OpenAI and a $6.5 billion deal to acquire chip designer Ampere Computing, which faces regulatory scrutiny.