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Major Asia bank to cut 4,000 roles as AI replaces humans

BBC Business LogoBBC Business14h ago

Major Asia bank to cut 4,000 roles as AI replaces humans - BBC Business

Quick Summary:

It makes DBS one of the first major banks to offer details on how AI will affect its operations.

The company did not say how many jobs would be cut in Singapore or which roles would be affected.

The iPhone giant's $500bn investment plan includes a new factory in Texas, as well as money spent on suppliers.

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Article Details

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 03:47:18 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 26419359

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About BBC Business

BBC Business Logo

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 5 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 17 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

Publisher Details

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The story "Major Asia bank to cut 4,000 roles as AI replaces humans" has 448 words across 19 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Major Asia bank to cut 4,000 roles as AI replaces humans" was covered 14 hours ago by BBC Business, a news publisher based in United Kingdom.

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BBC Business is a fully independent (privately-owned) news outlet established in 1922 that covers mostly business news.

The outlet is headquartered in United Kingdom and publishes an average of 5 news stories per day.

It's most recent story was published 17 hours ago.

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  • News ID: #26419359
  • URL: https://chronographically.beamstart.com/news/major-asia-bank-to-cut-17404565512783

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