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Evening Standard
Evening Standard
Business
Anna Wise

Barclays to home in on AI as profit jumps and boss handed £15m pay packet

Barclays Venkat CS Venkatakrishnan
Barclays reported lower earnings and cut its profitability forecasts, as it revealed it is considering cutting costs (Alamy/PA) -

Barclays has unveiled plans to accelerate its use of artificial intelligence (AI) following a cost-cutting drive, as the boss of the bank was handed a £15 million pay package.

The banking group set out new targets after revealing that its annual profit jumped by 13% last year.

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