Big banks are openly calling workers "lower value human capital" as they push to replace staff with AI, which is bad news for office workers and call center staff.

• Standard Chartered plans to cut 8,000 jobs and reduce back office headcount by 15% by 2030, with the CEO saying AI will replace "lower value human capital."
• Goldman Sachs executives describe their operations as a "human assembly line" ready for automation, signaling more white-collar cuts ahead.
• Nvidia's Jensen Huang says the data center buildout will create six-figure blue collar jobs for electricians and construction workers, but actual electrician pay averages half that.
• Polling shows people are turning negative on AI, with 46% unfavorable and only 26% positive, despite heavy social media hype.
• SpaceX is heading for a record IPO led by Goldman Sachs, seen as a peak sign of bubble-era excess tied to the AI boom.

Outlook: Expect more bank and corporate layoffs tied to AI, with public sentiment likely souring further as entry-level jobs disappear.