Deutsche Bank To Replace 18,000 Workers With Robots (via)

"The bank's head of operations said that using AI 'massively increased productivity in certain sectors'. Deutsche is pushing to 'automate large parts of its back-office' via a new strategy called 'Operations 4.0', as part of its $6.6 billion savings initiative."

#Comment: This is a shameless, peak bullshit way of announcing corporate collapse and bankruptcy. Long term mismanagement, corruption and criminal activities at a massive scale brought them here - and no fictitious "AI" will fix that.

#Economics #Bots #Automation #ML