CEO of a top British bank apologises for controversial AI comments The CEO of Standard Chartered, Bill Winters, has apologised for his controversial remarks regarding the replacement of 'lower-value human capital' with artificial intelligence (AI). He faced backlash and apologised for any upset caused by his statements. Winters also explained his intentions and plans to replace lower-value jobs with AI. The CEO of a top British bank, Standard Chartered, has apologised after facing backlash from his controversial remarks, in which he announced plans to replace 'lower-value human capital' with artificial intelligence (AI). Winters, the CEO, also expressed his bank's intention to cut support staff jobs by more than 15 per cent by 2030. The company faced anger over the comments and the prospect of job cuts. Winters clarified his intention and expressed regret for the misinterpretations of his statements through a LinkedIn post