Singapore to invest $785 million in public AI research through 2030 to boost global competitiveness

Singapore to invest $785 million in public AI research through 2030 to boost global competitiveness

Singapore will invest more than Sg$1 billion ($785 million) in public research on artificial intelligence through 2030, as the city-state looks to strengthen its technological capabilities and sharpen its global competitiveness, the government said on Saturday.The funding will be used to set up “world-class” AI research centres, build capabilities to support industrial applications of artificial intelligence, and develop talent through partnerships with overseas researchers and institutions, according to an official statement.Announcing the initiative at an AI research week gala dinner, Minister for Digital Development and Information Josephine Teo said the new research centres would focus on “long-term, difficult questions” that can deliver sustained benefits to Singapore.“We expect them to partner actively with others in our local ecosystem and internationally. We also want their research discoveries to be shared openly, to contribute to the global knowledge commons,” Teo said.The investment marks the latest in a series of measures by Singapore to deepen its AI ecosystem. With limited natural resources and a small domestic workforce, the country has increasingly turned to technology to address labour constraints and support economic growth.“Research serves as a key activity driver in our AI efforts, advancing the nation’s deep technical capabilities and ensuring Singapore remains at the forefront of AI innovation,” the ministry said.

  • Related Posts

    Tata Trusts Board Meeting: Tata Trusts to review nominee directors for Tata Sons on May 8

    MUMBAI: The boardrooms of India’s most powerful philanthropic trusts are looking at an uncomfortable May 8 reckoning. The Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT), which…

    NCLAT dismisses Vedanta’s plea against Adani’s Jaiprakash bid

    A company law appeals court on Monday rejected a challenge by mining billionaire Anil Agarwal’s Vedanta Ltd to the winning bid by Gautam Adani’s group for bankrupt real estate firm…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    IPL 2026: Bad news for CSK! MS Dhoni skips Delhi trip as injury delays return | Cricket News

    IPL 2026: Bad news for CSK! MS Dhoni skips Delhi trip as injury delays return | Cricket News

    Earth’s origin mystery cracked? Meteorites may hold the secret to life’s ingredients |

    Earth’s origin mystery cracked? Meteorites may hold the secret to life’s ingredients |

    TS ICET 2026 hall ticket out today at icet.tgche.ac.in for May 13 and 14 exams; check details here

    TS ICET 2026 hall ticket out today at icet.tgche.ac.in for May 13 and 14 exams; check details here

    When Emraan Hashmi revealed Mahesh Bhatt’s shocking warning for ‘Once Upon A Time In Mumbaai’: ‘Your career will be over’ | Hindi Movie News

    When Emraan Hashmi revealed Mahesh Bhatt’s shocking warning for ‘Once Upon A Time In Mumbaai’: ‘Your career will be over’ | Hindi Movie News

    Girl reveals emotional reason why her mother never says ‘elaichi’, a story that’s touching hearts online |

    Girl reveals emotional reason why her mother never says ‘elaichi’, a story that’s touching hearts online |

    Lord Ganesha mantras to chant for prosperity and good luck

    Lord Ganesha mantras to chant for prosperity and good luck