AI initiatives launched to uplift Singapore’s economic potential (Factsheet)

Summary of AI Initiatives to Boost Singapore's Economic Potential

This document summarizes the AI initiatives announced by the Ministry of Communications and Information (MCI) on 1 March 2024 to drive Singapore's economic growth. These initiatives, aligned with the refreshed National AI Strategy (NAIS 2.0), include:

1. Talent Development: Efforts to nurture AI research talent, including investments in SG Digital Scholarships, overseas internships, an AI Visiting Professorship, and an AI Accelerated Masters Programme.

2. Infrastructure Investment: Allocation of up to $500 million for high-performance compute resources to support AI innovation.

3. Industry Support: Launch of the Generative AI x Digital Leaders Initiative to provide businesses with access to GenAI expertise and resources.

4. Trust and Safety: Publication of Advisory Guidelines on the use of personal data in AI systems to ensure responsible and trustworthy AI deployment.

These initiatives aim to position Singapore as a global leader in AI, fostering innovation, talent development, and a trusted AI environment.

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