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Singapore urges financial firms to use AI to create better jobs

Artificial IntelligenceBanking & LiquidityTechnology & InnovationLabor & Workforce Development

Singapore's Deputy Prime Minister Gan Kim Yong said banks and financial firms should use artificial intelligence to create better jobs and retrain workers for higher-value roles, rather than focusing only on cost cuts. The remarks frame AI as a workforce-upgrading tool for the financial sector, with no specific policy change or financial metric announced.

Analysis

Singapore's Deputy Prime Minister Gan Kim Yong said banks and financial firms should use artificial intelligence to create better jobs and retrain workers for higher-value roles, rather than focusing only on cost cuts. The remarks frame AI as a workforce-upgrading tool for the financial sector, with no specific policy change or financial metric announced.

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