Close
DBS Group's incoming CEO, Tan Su Shan, plans to pursue 'bolt-on' acquisitions that enhance the bank's digital and AI capabilities. As the first female CEO and an internal promotion, she aims to strengthen high-return sectors like wealth and transaction banking. Despite the bank's record profits, Tan acknowledges the challenges posed by global economic volatility and geopolitical tensions.
Tan emphasizes a strategic focus on existing markets without overextending the bank's resources. The approach includes targeted acquisitions in digital technologies and AI, aligning with the bank's commitment to upskill its workforce. With a new COO role established, the bank is poised for transformation while maintaining a customer-centric approach.
• Tan Su Shan prioritizes AI-driven acquisitions for DBS Group's growth.
• DBS aims to upskill 13,000 staff in AI and data-related skills.
Artificial Intelligence refers to the simulation of human intelligence in machines, which DBS aims to integrate into its operations.
Digital Technologies encompass tools and systems that enhance online banking services, a focus area for DBS's acquisitions.
Upskilling involves training employees to improve their skills, particularly in AI and data, to prepare them for future challenges.
DBS Group is a leading financial services group in Asia, focusing on digital transformation and AI integration.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
Log in
Sign Up
AI Tools - Popular
AI Tools - Categories
GPTs - Categories
AI for Jobs
Key AI Highlights in this Article
Key AI Terms Mentioned in this Article
Companies Mentioned in this Article
