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UBS Asia Chief: AI's Dual Impact on Work
7 Jun
Summary
- AI will enhance productivity and capacity at UBS.
- The implementation of AI will inevitably affect employment.
- UBS aims to use AI to improve client service and growth.
Iqbal Khan, President of UBS Group AG for Asia Pacific, has commented on the transformative potential of artificial intelligence.
Khan indicated that AI implementation is poised to improve operational efficiency and capacity within the bank. He also pointed out that these technological shifts are likely to have a discernible effect on employment.
The strategic goal at UBS is to utilize AI capabilities to deepen client relationships and expand its market share. This approach aims to foster faster and more substantial business growth.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
