Standard Chartered's Cold Calculation: The Human Cost of AI Driven Efficiency Standard Chartered's plan to slash over 7,500 jobs and replace them with artificial intelligence has sent shockwaves through the financial sector.
Beneath the surface lies a disturbing trend: the cold calculation that human lives are mere commodities to be trimmed away in pursuit of efficiency.
The bank's decision to use the phrase "lower value human capital" is a particularly egregious example of corporate doublespeak.