HSBC appoints first chief AI officer as it seeks cost cuts

Global banking firm HSBC introduces AI role to the C-suite

The bank cited generative AI as a key investment area earlier this year, noting that 85% of employees have access to the technology.

HSBC appoints David Rice as first chief AI officer

LONDON, March ⁠23 (Reuters) - HSBC has ⁠appointed David Rice as ‌its first ever Chief AI Officer, the British bank ​said on Monday, ⁠as it seeks ⁠to cut costs by ⁠increasing the ‌use of generative AI ⁠technology across its businesses worldwide.

HSBC appoints first chief AI officer as it seeks cost cuts

HSBC Names David Rice Chief AI Officer

HSBC Holdings plc today announced David Rice will be appointed as HSBC’s first Chief AI Officer, effective 1 April. This new role provides clear enterprise leadership for AI adoption within HSBC in support of its ambition to build a bank designed for the future by embedding AI solutions that benefit colleagues and customers. The appointment comes as part of a wider focus on deploying AI at scale across HSBC by making generative AI tools availabl…

HSBC Appoints First Chief AI Officer, Strengthening AI Leadership - Fintech InShorts: Latest Fintech News, Analysis By Experts

The bank aims to enhance its AI strategy and innovation. Highlights: HSBC names its first Chief AI Officer to lead AI initiatives. The appointment aims to enhance the bank’s AI strategy. This move reflects HSBC’s commitment to AI innovation. HSBC has appointed its first Chief AI Officer, a key step in its artificial intelligence strategy. The new role is expected to drive innovation and improve AI applications across the bank. This appointment …

HSBC Appoints David Rice as First Chief AI Officer | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis

HSBC announced that it has appointed David Rice as its first Chief AI Officer as part of a broader push to embed artificial intelligence across the organisation.  Rice will take up the role on 1 April, with the bank saying the position provides enterprise-level leadership for AI as it builds “a bank that is designed for the future”. The move comes as HSBC rolls out generative AI tools to all staff to simplify internal processes and help frontlin…