Society
Largest Bank to Replace Employees with Artificial Intelligence
The largest bank in Singapore will replace 4,000 employees with artificial intelligence. This announcement was made by the bank's CEO, Piyush Gupta.
The bank has confirmed that the layoffs announced for the purpose of AI replacement will not affect the company's permanent employees. Previously, it was stated that in the coming three to five years, banks worldwide could see the loss of up to 200,000 jobs.