Over the next three years, DBS, the biggest bank in Singapore, expects to eliminate about 4,000 positions as artificial intelligence (AI) increasingly automates jobs that are presently completed by human workers.
A DBS spokesperson informed the media that the staff reduction will result from natural attrition as contract and temporary positions are eliminated over the coming years. He further added that the cuts are not anticipated to have an impact on permanent employees. Piyush Gupta, the bank’s departing CEO, also revealed intentions to add over 1,000 additional AI-related jobs.
With this action, DBS puts itself in a position to be among the first big banks to offer specific information about how AI might affect its employees.
The company did not specify the number of job cuts planned for Singapore or the specific roles that would be affected.
Current Populace of DBS
DBS currently employs between 8,000 and 9,000 temporary and contract workers out of a total workforce of around 41,000.
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Last year, Gupta noted that DBS had been developing AI for over a decade. “We today deploy over 800 AI models across 350 use cases, and expect the measured economic impact of these to exceed S$1bn ($745m; £592m) in 2025,” he added.
Gupta is set to leave the firm at the end of March, with current deputy chief executive Tan Su Shan succeeding him.
The growing use of AI technology has spurred debate about its potential benefits and risks. In 2024, the International Monetary Fund (IMF) estimated that AI is poised to affect nearly 40% of all jobs worldwide.
IMF Managing Director Kristalina Georgieva warned that “in most scenarios, AI will likely worsen overall inequality.”
However, Bank of England Governor Andrew Bailey told the BBC last year that AI would not be a “mass destroyer of jobs,” suggesting that human workers will adapt and learn to work with new technologies. Bailey acknowledged the risks associated with AI but also emphasized its “great potential.”
UK Researchers Develop AI Tool To Detect Epilepsy Brain Lesions Doctors Often Miss
Similarly, UK researchers have developed an AI tool that can detect two-thirds of epilepsy brain lesions that doctors often miss, potentially leading to more targeted surgery to stop seizures.
Approximately one in five people with epilepsy (30,000 in the UK alone) experience uncontrolled seizures caused by subtle brain abnormalities often undetectable by the human eye on scans.
Child epilepsy experts believe the AI tool has “huge potential” and opens up new avenues for treatment. However, further studies on the long-term benefits for patients are required before it can be licensed and used in clinics.
For the study, published in JAMA Neurology, researchers from King’s College London and University College London trained their tool using magnetic-resonance-imaging (MRI) scans from over 1,185 adults and children at 23 hospitals worldwide, 703 of whom had brain abnormalities.
The tool, MELD Graph, can process images more quickly and in greater detail than a doctor, potentially enabling more timely treatment and reducing the need for costly tests and procedures, according to lead researcher Dr. Konrad Wagstyl. However, the AI would still require human oversight, and a significant number of abnormalities were still missed.
e!!!!!!!!! eka aba no
Big family
so where do they get their source of income?
this is not fair