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HSBC to Open AI Centre of Excellence in Singapore

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HSBC Holdings (HKG:0005) plans to open a Global AI center of excellence in Singapore in the second half of 2026 and hire over 100 AI specialists to develop artificial intelligence capabilities across its global network.

The center will initially focus on AI applications for wealth management, treasury and digital payments, according to a company statement on Monday. It will also work with educational institutions and government agencies in Singapore to develop talent in natural language processing, data science and AI governance.

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