Summary: DBS, which has earned $750 million through its use of AI, estimates that its economic value could surpass $1 billion in 2025. The bank has created over 350 use cases and has 1,500 models in production. The Monetary Authority of Singapore (MAS) plans to release a playbook in 2025 providing clarity on key risk considerations for AI use cases in the financial sector.

Link: https://www.straitstimes.com/business/banking/dbs-expects-economic-value-from-its-use-of-ai-to-exceed-1-billion-in-2025