HP Inc. (HPQ) is doubling down on artificial intelligence — and betting it will replace thousands of jobs in the process.
"There are many things that today we have to do using people ... that in the future AI will do better and will do faster," CEO Enrique Lores told Yahoo Finance (video above).
It's not just an HP issue, he added, but an "industrywide" shift companies must embrace to stay competitive.
That transformation is reshaping HP. The company on Tuesday unveiled a sweeping AI initiative tied to new restructuring efforts. HP expects to eliminate 4,000 to 6,000 jobs globally and gener