HSBC CEO said artificial intelligence (AI) will destroy certain jobs and create new jobs as bank focuses on staff retraining. The CEO said it is important to have staff be on the :"AI journey with us, not fighting us, not resisting the change". HSBC Chief Executive Georges Elhedery said on Wednesday AI would destroy and create certain jobs in the financial industry, as the bank was focussed on retraining its workforce. Elhedery told a HSBC investor day event that staff needed to embrace AI-driven change rather than resist it and work with the bank on navigating the new technology.
Meanwhile, HSBC Holdings has raised A$1.4 billion ($1 billion) from a three-part Australian dollar bond sale on Tuesday after investors placed more than A$4.35 billion in orders, according to latest term sheet and note reviewed by Reuters.
