Singapore sets aside an additional S$180m for AI research; launches two new AI programmes

NewsSINGAPORE will set aside an additional S$180 million on top of the S$500 million committed for artificial intelligence (AI) research, said Deputy Prime Minister, Heng Swee Keat at the Singapore Fintech Festival x Singapore Week of Innovation and Technology 2021.

In an opening speech on Monday, (Nov 8), Heng announced that the S$180 million will be set aside to accelerate fundamental and translational AI research. Fundamental AI research refers to advancing novel new applications for AI while translational AI research refers to application of AI in translating data into insights.

In addition, Heng also announced two new national AI programmes, targeted at the finance industry and government sector, the National AI Programme in Finance and the National AI Programme in Government.

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