Singapore financial institutions commit to expanding AI training for staff
Major Singapore financial institutions have pledged to train more than 80,000 local employees in artificial-intelligence skills by 2028. Deputy Prime Minister Gan Kim Yong said 23 banks, insurers and asset managers had made the commitment as the country responds to potential disruption to white-collar work.
Major financial institutions in Singapore have pledged to train more than 80,000 local employees in artificial-intelligence skills by 2028, according to Deputy Prime Minister Gan Kim Yong, as the country seeks to prepare white-collar workers for possible job disruption. A first group of 23 banks, insurers and asset managers has committed to training all of its Singapore-based staff by the target year. The pledge covers employees across the participating institutions rather than a specified group of technology specialists.
Gan said more than half of the institutions had already put employees through programmes recognised by an industry association. The supplied report does not name the association or provide figures for how many workers have completed the programmes. The companies will also study how jobs may be affected, although the available material does not give details of the studies or identify roles expected to change.
The initiative is presented as part of Singapore’s effort to cushion workers from potential employment disruption linked to artificial intelligence.
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