HSBC Holdings plans to hire more than 100 AI experts in Singapore

HSBC Holdings plans to hire more than 100 AI experts in Singapore, with the bank intending to establish a global AI center in the city-state later this year. The Singapore hub will initially focus on launching fund management solutions with autonomous capabilities and developing AI-powered digital payment features, HSBC said in a statement on Monday. These experts will work with HSBC Chief AI Officer David Rice and teams responsible for areas such as wealth management and global payment solutions. The center aims to build a talent pool covering natural language processing, data science, and AI governance, and will collaborate with educational institutions and government agencies in Singapore, HSBC said.