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Bloomberg

StanChart to Cut Thousands of Jobs in AI Push

Standard Chartered said it plans to eliminate thousands of support roles over the next four years, joining the ranks of global lenders using artificial intelligence to trim headcount. "It's not about cost cutting," Chief Executive Officer Bill Winters said at a press briefing in Hong Kong. "It's about having a structurally more productive environment that is fit for future." Bloomberg's Tom Metcalf reports.

Leia mais: StanChart to Cut Thousands of Jobs in AI Push
Bloomberg

Google Agrees to Create AI Cloud Firm With Blackstone

Alphabet's Google agreed to create an artificial intelligence cloud business with Blackstone, aiming to compete with companies like CoreWeave in a burgeoning market. The project will rely on an initial $5 billion in equity capital from Blackstone, which will become the majority owner, according to a statement Monday. Bloomberg's Neil Campling explains.

Leia mais: Google Agrees to Create AI Cloud Firm With Blackstone