New Delhi, May 20 -- Bill Winters, the CEO of Standard Chartered, addressed the bank's staff in an attempt to mitigate the fallout from his recent comments on the potential replacement of human workers by artificial intelligence. In a memo to the bank's staff, Winters admitted that the coverage of his comment may have been unsettling for many.

"Many of you will have seen media coverage following the Investor Event in Hong Kong, particularly the reporting around automation, AI, and workforce changes. I know this may be unsettling when reduced to simple headlines or a quote out of context," Winters wrote in a memo, according to Bloomberg News.

Winters, who has been the Group CEO of Standard Chartered PLC since 2015, made the comments on T...