UBS’ Khan Says AI Will Impact Jobs While Aiding Productivity (1)

UBS Group AG’s Asia Pacific President Iqbal Khan said artificial intelligence will free up capacity and improve productivity but also have an impact on jobs.

“If we can use that capacity to serve our clients better, gain more share of the wallet, grow faster, grow more, then the impact on costs and jobs is going to be less,” said Khan in an interview with Bloomberg Television. “Now if we cannot, and this is an industrywide topic, then of course it will have ramifications and implications on costs and jobs.”

WATCH: UBS Asia Pacific Co-President of Global Wealth Management Iqbal Khan speaks to Bloomberg’s Stephen Engle as the UBS Asian Investment Conference kicks off in Hong Kong.

DIGITAL:UBS Iqbal Khan

Khan’s comments contribute to the broader debate surrounding artificial ...