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- Singapore’s DBS Bank to Cut 4,000 Jobs as AI Takes Over
Singapore’s DBS Bank to Cut 4,000 Jobs as AI Takes Over
Anthropic Unveils Claude 3.7 Sonnet, Its Most Advanced AI Yet
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Welcome back to Outskill with AI! 🎉
What we’ll cover today
📝 Singapore’s DBS Bank to Cut 4,000 Jobs as AI Takes Over.
📰 Anthropic Unveils Claude 3.7 Sonnet, Its Most Advanced AI Yet.
📷 6 AI resources
What You Need to Know
⚡ The reduction will happen through natural attrition, mainly affecting temporary and contract workers.
⚡ 1,000 new AI-related jobs will be created as the bank expands its AI-driven operations.
⚡ DBS already deploys 800+ AI models, expecting a $745M economic impact by 2025.
Why It Matters
DBS is among the first major banks to detail AI-driven job cuts, highlighting both the risks and opportunities of automation in finance.
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What You Need to Know
⚡ Claude 3.7 Sonnet, Anthropic’s first hybrid reasoning model, improves on math, coding, and complex problem-solving.
⚡ The model outperforms GPT-4o in coding and agentic tasks, scoring 70.3% on SWE-Bench with extended thinking.
⚡ Pricing set at $3 per million input tokens, higher than GPT-4o Mini but optimized for advanced reasoning.
Why It Matters
Anthropic is closing the gap with OpenAI, while ex-Google Brain researcher Niki Parmar joins the team, reinforcing its GenAI leadership.
AI Meme-ory 🚀
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Team Outskill