HSBC Holdings announced on July 27 that it will establish a Global Artificial Intelligence Center of Excellence in Singapore in the second half of this year to develop AI capabilities that can be extended to the Group's global network, and plans to recruit more than 100 AI experts. The statement said that the center of excellence will initially focus on improving the customer wealth management experience, introducing intelligent treasury solutions, and developing AI-enabled digital payments.

HSBC Holdings announced on July 27 that it will establish a Global Artificial Intelligence Center of Excellence in Singapore in the second half of this year to develop AI capabilities that can be extended to the Group's global network, and plans to recruit more than 100 AI experts. The statement said that the center of excellence will initially focus on improving the customer wealth management experience, introducing intelligent treasury solutions, and developing AI-enabled digital payments.