Singapore intends to invest more than 785 million US dollars in artificial intelligence research by 2030, aiming to enhance its capabilities and potential to compete in this field, the government announced on Saturday.
This funding will enable Singapore to establish research centers of “world-class” standards, build capabilities that support industrial applications of AI, and develop talent through partnerships with international researchers and institutions.
A Series of Government Investments
The initiative, announced during a ceremony for AI Research Week, is the latest in a series of government investments in this area.
It was stated that the research centers will focus on “complex and long-term issues” that will benefit the country. It was added, “We expect these centers to collaborate effectively with other entities in our local and international ecosystem. We also want their research results to be published openly to contribute to enriching global knowledge.”
Singapore is increasingly relying on technology to meet its labor and other needs, due to its limited resources compared to larger neighboring countries.
