Singapore's DBS CEO: Deal with AI Angst 'Head On'

BloombergFriday, November 7, 2025 at 4:48:31 AM
Singapore's DBS CEO: Deal with AI Angst 'Head On'

Singapore's DBS CEO: Deal with AI Angst 'Head On'

DBS Group's CEO Tan Su Shan is tackling the challenges posed by artificial intelligence head-on, announcing that the bank will not fill positions replaced by AI but will instead focus on retraining employees for new roles. This proactive approach not only addresses the concerns surrounding job displacement but also highlights the bank's commitment to workforce development, ensuring that staff are equipped with the skills needed for the future. It's a significant move that could set a precedent for other organizations facing similar technological disruptions.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
China’s AI Boom Fuels Rally in Power Stocks as Next Winner
PositiveFinancial Markets
China's power stocks are experiencing a significant surge, marking their best week in years. This rally is driven by investors' optimism regarding the increasing energy demand from data centers that support artificial intelligence. As AI technology continues to expand, the implications for energy consumption are profound, making this trend crucial for both the stock market and the future of energy production.
CapitaLand Is Said to Mull Merging Non-China Assets With Mapletree
NeutralFinancial Markets
CapitaLand Investment Ltd. is considering merging its non-China assets with Mapletree Investments Pte, a fellow Singaporean real estate firm. This potential merger could reshape the landscape of real estate management in Singapore, highlighting the strategic moves companies are making in response to market dynamics.
Musk plans Tesla mega AI chip fab, mulls potential Intel partnership
PositiveFinancial Markets
Elon Musk is taking a bold step in the tech world by planning a massive AI chip fabrication facility for Tesla. This move not only highlights Tesla's commitment to advancing artificial intelligence but also opens the door for a potential partnership with Intel, a giant in the semiconductor industry. This collaboration could significantly enhance Tesla's capabilities in AI technology, making their vehicles smarter and more efficient. As the demand for AI-driven solutions grows, this initiative could position Tesla at the forefront of innovation in the automotive sector.
Earnings call transcript: Kakao Q3 2025 sees 9% revenue growth, AI focus
PositiveFinancial Markets
Kakao's Q3 2025 earnings call revealed a promising 9% revenue growth, highlighting the company's strategic focus on artificial intelligence. This growth is significant as it reflects Kakao's ability to adapt and innovate in a competitive market, potentially setting the stage for future advancements and increased investor confidence.
Nasdaq Falls as Worries Mount on Jobs and AI Valuations
NegativeFinancial Markets
The Nasdaq has taken a significant hit as concerns grow over job markets and inflated AI valuations, with Nvidia leading the decline by losing over $400 billion in market value in just three days. This downturn is crucial as it reflects broader economic anxieties and could impact investor confidence and spending in the tech sector.
Google planning powerful AI data centre on tiny Australian Indian Ocean outpost
PositiveFinancial Markets
Google is set to establish a powerful AI data center on a small outpost in the Australian Indian Ocean, marking a significant investment in the region's technological infrastructure. This move not only highlights Google's commitment to advancing AI capabilities but also promises to create jobs and boost the local economy. The data center will enhance Google's ability to process vast amounts of data efficiently, which is crucial for the development of innovative AI applications.
Jamie Dimon predicts AI will shorten the workweek: ‘My guess is the developed world will be working three and a half days a week’
PositiveFinancial Markets
Jamie Dimon, the CEO of JPMorgan Chase, predicts that advancements in artificial intelligence could lead to a shorter workweek, potentially reducing it to just three and a half days. While he acknowledges that AI may eliminate some jobs, he believes there are ways to navigate these changes positively. This perspective is significant as it opens up discussions about work-life balance and the future of employment in a rapidly evolving technological landscape.
AI Is About to Have Its Big Moment in Politics
PositiveFinancial Markets
AI is poised to play a significant role in politics, marking a transformative moment for the field. As technology continues to evolve, its integration into political strategies could reshape how campaigns are run and how voters engage with candidates. This development is crucial as it highlights the intersection of technology and governance, potentially leading to more informed decision-making and enhanced voter outreach.