{"id":64568,"date":"2026-06-17T02:22:12","date_gmt":"2026-06-17T02:22:12","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/64568\/"},"modified":"2026-06-17T02:22:12","modified_gmt":"2026-06-17T02:22:12","slug":"hsbc-google-ai-partnership-set-to-add-over-us100-million-gains","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/64568\/","title":{"rendered":"HSBC, Google AI partnership set to add over US$100 million gains"},"content":{"rendered":"<p data-testid=\"article-description\">The multiyear partnership will enable more than 200 new AI use cases at the bank over the next two years<\/p>\n<p>Published Wed, Jun 17, 2026 \u00b7 08:45 AM \u2014 Updated Wed, Jun 17, 2026 \u00b7 09:35 AM<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">[NEW YORK] HSBC Holdings said that it will use Alphabet\u2019s Google Cloud to roll out artificial intelligence across its global operations, expecting each project to generate more than US$100 million either in revenue or through efficiency gains.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The multiyear partnership will enable more than 200 new AI use cases at HSBC over the next two years, according to a bank statement.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">HSBC is among the first global banks to lay out how it plans to deploy AI to generate revenue and boost efficiency.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The company will work with Google Cloud and Google DeepMind engineering teams to build new AI tools and programmes, using Google\u2019s latest agentic AI capabilities, including Gemini models and the Gemini Enterprise Agent Platform.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The <a class=\"text-verticals-btblue underline hover:text-blue-500\" data-testid=\"article-annotation-link-component\" href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/banking-finance\/hsbc-ceo-says-ai-will-destroy-and-create-new-jobs-urges-staff-embrace-change\" target=\"_blank\" rel=\"nofollow noopener\">bank is weighing cutting about 20,000 roles<\/a>, or about 10 per cent of its workforce, in the coming years as a result of AI, a source familiar with the matter said in March.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">CEO Georges Elhedery said that people will remain central to banks even as AI becomes more widely used, seeking to reassure employees after recent industry comments raised concerns about job security.<\/p>\n<p class=\"mb-6 border-b border-gray-250 pb-4 font-poppins text-4xs font-medium tracking-widest text-gray-515\">SEE ALSO<\/p>\n<p><a class=\"block h-full w-full\" href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/hsbc-ceo-pitches-hong-kong-clients-hires-more-bankers-amid-stiff-competition?ref=article-see-also\" data-discover=\"true\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"relative z-10 h-full w-full object-cover\" src=\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/06\/b632d7400a327d5f54e8bcc83c0cac7cf7d9de90b8b3804d12deb6e6b1e2b98c.webp\" alt=\"Since taking the helm at HSBC in 2024, Georges Elhedery has pursued aggressive cost-cutting, scaling back equity capital markets operations in Europe and the US to accelerate the bank\u2019s pivot towards Asia.\" width=\"6000\" height=\"4002\"\/><\/a><\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6 inline-block\" data-testid=\"article-paragraph-component\">JPMorgan Chase CEO Jamie Dimon said in December that the technology \u201cwill eliminate jobs\u201d. Jane Fraser, Citigroup\u2019s CEO, said that some jobs \u201cwill no longer be required\u201d, while Goldman Sachs president John Waldron referred to employees as a \u201chuman assembly line\u201d ripe for automation. BLOOMBERG<\/p>\n","protected":false},"excerpt":{"rendered":"The multiyear partnership will enable more than 200 new AI use cases at the bank over the next&hellip;\n","protected":false},"author":2,"featured_media":64569,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20667],"tags":[15953,2096,9881],"class_list":["post-64568","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hsbc","tag-alphabet-google","tag-artificial-intelligence","tag-hsbc"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116763069157886388","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/64568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=64568"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/64568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/64569"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=64568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=64568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=64568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}