{"id":1009216,"date":"2026-05-22T09:37:11","date_gmt":"2026-05-22T04:07:11","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1009216"},"modified":"2026-05-22T09:56:23","modified_gmt":"2026-05-22T04:26:23","slug":"singapore-urges-financial-firms-to-use-ai-to-create-better-jobs","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/05\/22\/singapore-urges-financial-firms-to-use-ai-to-create-better-jobs\/","title":{"rendered":"Singapore urges financial firms to use AI to create better jobs"},"content":{"rendered":"<p>Singapore&#8217;s banks and financial firms should use artificial intelligence to create better jobs and train workers for higher-value roles, not just cut costs, Deputy Prime Minister Gan Kim Yong said on Wednesday. <\/p>\n<p>Gan&#8217;s comments come a day after Standard Chartered said it would cut more than 7,000 \u200cjobs over four \u2060years \u2060as it steps up AI adoption. HSBC CEO Georges Elhedery said on Wednesday that \u200bgenerative AI would &#8220;destroy certain jobs&#8221; and &#8220;create new jobs&#8221;, while urging staff to embrace \u200bthe change.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore&#8217;s banks and financial firms should use artificial intelligence to create better jobs and train workers for higher-value roles, not just cut costs, Deputy Prime Minister Gan Kim Yong said on Wednesday. Gan&#8217;s comments come a day after Standard Chartered said it would cut more than 7,000 \u200cjobs over four \u2060years \u2060as it steps up AI adoption. HSBC CEO Georges Elhedery said on Wednesday that \u200bgenerative AI would &#8220;destroy certain jobs&#8221; and &#8220;create new jobs&#8221;, while urging staff to embrace \u200bthe change.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1009216","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1009216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1009216"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1009216\/revisions"}],"predecessor-version":[{"id":1009239,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1009216\/revisions\/1009239"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1009216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1009216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1009216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}