HSBC's Roberts Says AI Won't Lead to 'Massive Layoffs'
Market Intelligence Analysis
AI-PoweredHSBC's Michael Roberts believes AI will not lead to significant job losses, instead, it will make processes more efficient.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Michael Roberts, head of corporate and institutional banking at HSBC, discusses geopolitical risks, the bank's restructure and the impact of artificial intelligence on staffing. "I don't think it'll lead to massive layoffs," Roberts says. "I don't think it'll lead to massive change in how we do things other than as to make it more efficient," he adds. Roberts speaks on Bloomberg Television at the World Economic Forum's annual meeting in Davos, Switzerland. (Source: Bloomberg)
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