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Singapore to invest US$785mil in public research on AI

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The fund will enable Singapore to establish ‘world-class’ research centres focused on ‘long-term, difficult questions’ that will benefit the country.

SINGAPORE: Singapore will invest more than S$1 billion (US$785 million) in public research on artificial intelligence through 2030 to bolster its capabilities and enhance global competitiveness, the government said Saturday.

The fund will enable Singapore to establish “world-class” research centres, build capabilities to support the industrial applications of AI, and develop talent through partnerships with overseas researchers and institutions, it said.

The initiative, announced by information minister Josephine Teo at an AI research week gala dinner late Saturday, is the latest in a series of government investments in AI.

Tags:AIartificial intelligenceinvestmentJosephine Teoresearch centresSingapore


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