HSBC CEO Bets on AI Overhaul, Risking 20,000 Global Back-Office Jobs
HSBC Holdings Chief Executive Georges Elhedery is advancing a massive corporate restructuring that threatens 20,000 global back-office jobs. The multi-year plan leverages artificial intelligence to permanently replace human compliance and transaction monitoring teams.
OpenAI Forms Science Team Under Kevin Weil to Speed Research With GPT-5
OpenAI's Science team led by Kevin Weil reports 1.3M weekly researcher users and 47% growth in science messages. GPT-5.2 achieves 92% PhD-level accuracy but won't replace scientists.