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Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances

The Guardian — Tech · · International · AI Governance

Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profits Business live – latest updates Barclays is cutting 5,000 jobs as part of wider cost-cutting plans that its bosses say are being driven by advances in AI. The job cuts will mean losing about 5% of the bank’s 93,000 global staff, with executives confirming they had already cut 1,000 workers since the start of the year. Continue reading...

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Deep Signal · Part I of III

The Algorithm Said So

Federal rulemakers are deciding what to do when artificial intelligence produces the kind of conclusion that once required an expert. They disagree about how to regulate it. They also disagree about whether the problem has arrived.

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Opposition deepfake video sparks outrage in Spain ahead of election

Video shows AI likenesses of people linked to Pedro Sánchez’s Socialist party appearing to admit to wrongdoing A political ad from Spain’s main opposition party that used a deepfake video of the prime minister’s wife has sparked outrage and set off a wider debate on AI, as the deeply polarised country gears up for general elections next month. Launched this week across the social media channels of the conservative People’s party (PP), the video used artificial intelligence to manipulate the likenesses of various people linked to Pedro Sánchez’s Socialist party and appeared to show them admitt…

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