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"DBS, one of the first major banks to offer details on how AI will affect its operations, expects to reduce its workforce through natural attrition as temporary and contract roles roll off. The bank's outgoing CEO, Piyush Gupta, has been working on AI for over a decade and expects the measured economic impact of AI to exceed S$1bn in 2025. The bank's deputy CEO, Tan Su Shan, will replace Gupta at the end of March."
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