Unveiling the National AI Strategy 2.0
In the ever-evolving technological landscape, Artificial Intelligence (AI) stands out as a beacon of transformative power, akin to historical milestones such as the advent of electricity, the internal combustion engine, the computer, and the internet. AI’s potential to revolutionize industries and boost productivity in various sectors, including drug discovery, logistics, and autonomous driving, is unparalleled.
Singapore is a small country with big ambitions, especially when it comes to artificial intelligence (AI). The island nation has been recognized as a serious player in AI development. Our commitment to establishing new pinnacles of excellence in AI and attracting private sector investments is stronger than ever, as outlined in our ambitious National AI Strategy 2.0.
The National AI Strategy 2.0 outlines Singapore’s plans to invest more than $1 billion over the next five years into AI compute, talent, and industry development. The following uses for this investment:
- Advanced Chip Access: Secure access to advanced chips that are crucial for AI development and deployment.
- AI Centres of Excellence: Set up AI Centres of Excellence in Singapore to spur industry collaboration and innovation.
- Nationwide Broadband Network: Upgrade the Nationwide Broadband Network to enable mass market access to broadband speeds of up to 10 Gigabits per second.
Singapore’s journey into the AI future is well underway, and with these strategic investments, we are setting the stage for unparalleled innovation and economic growth.
