The rise of the D-suite

In today’s issue, we’re tracking the D-Suite takeover. From Mark Zuckerberg’s new AI assistant to HSBC’s first-ever Chief AI Officer, the executive floor is getting a digital makeover.

Meta CEO Mark Zuckerberg is reportedly building a personal AI agent to help manage his executive duties. Citing people close to the project, the Wall Street Journal says the tool is designed to retrieve information that would typically require navigating multiple layers of human staff.

So, a digital associate is in the works. What’s next? A digital board? A D-suite?

Lender HSBC has appointed its first chief AI officer as it looks to trim costs, according to Reuters.

The British bank has appointed the former COO of its Corporate and Institutional Banking Business, David Rice, to the position. This comes just days after Bloomberg reported the bank is considering a wave of job cuts as the company bets on AI.

Rice officially takes up the role on April 1…perhaps those job cuts are all part of a really elaborate April fools prank.

Writing for The Sunday Times, former UK Prime Minister Rishi Sunak has said the taxation system requires a rethink, with the current system tilted against hiring people.

Sunak suggests we could end up with potentially socially destructive and political destabilising levels of unemployment in the age of AI.

Wait…I thought they were supposed to be the bad guys?