Barclays cutting 5,000 jobs as it increases reliance on AI | BBC News
By BBC News
Barclays is cutting its staff by around 5,000 as it is increasing reliance on artificial intelligence (AI). The banking group expects to close what amounts to 5% of its global workforce by the end of this year. The bank's cost reductions are focused on its UK retail bank, but some back office functions for the UK are…
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Artificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
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