Singapore is banking big on artificial intelligence to provide solutions in finance, city management and healthcare. The National Research Foundation (NRF) will be investing up to S$150 million over the next five years in AI.SG, a new national initiative that aims to develop Singapore’s AI capabilities.
“The potential gains from an enabler technology like AI are massive,”said Dr Yaacob Ibrahim, Minister for Communications and Information.
AI.SG will address major challenges that affect both society and industry. The investment in deep capabilities is also about riding on the next wave of scientific innovation and growing AI innovation and adoption in companies.