Artificial intelligence may replace hundreds of thousands of jobs, but Standard Chartered CEO Bill Winters sent a message to anxious employees: similar situations have happened before. “People do have a sense of fear,” Winters said in response to questions about the development of AI on Tuesday. He claims that Standard Chartered currently has about 100,000 employees, which is the same size as when he joined the bank 11 years ago. “During this time, we eliminated approximately 25,000 jobs through automation, while replacing them with others.”

Artificial intelligence may replace hundreds of thousands of jobs, but Standard Chartered CEO Bill Winters sent a message to anxious employees: similar situations have happened before. “People do have a sense of fear,” Winters said in response to questions about the development of AI on Tuesday. He claims that Standard Chartered currently has about 100,000 employees, which is the same size as when he joined the bank 11 years ago. “During this time, we eliminated approximately 25,000 jobs through automation, while replacing them with others.”