Artificial intelligence
3 in 10 of Singaporean consumers oppose banks’ use of GenAI
3 in 10 of Singaporean consumers oppose banks’ use of GenAI
Consumers cited concerns over data security and potential fraud.
Finance leaders back use of AI to enhance financial operations
Eight in 10 say AI could effectively prepare finance and accounting departments for disruption.
Singapore launches second National AI Strategy
The renewed NAIS will promote a safer AI ecosystem.
IMDA, AI Singapore, A*STAR launch $70m AI initiative
The initiative aims to develop Southeast Asia’s first large language model ecosystem.
SG firms lead investment in AI and machine learning technologies
Local businesses, on average, invest 24% of their annual budget in AI and machine learning.
SG leads APAC in AI readiness
It scored 70.1 in Salesforce’s APAC AI Readiness Index.
6 in 10 firms mull increasing budget for AI, Generative AI next year
In Singapore, 51% and 57% of firms are using such technologies, respectively.
7 in 10 Singaporeans say AI training for teachers is a must
They want teachers to identify AI-enhanced work from students.
Is AI a friend or a foe to Singaporeans?
Four in 10 fear AI will replace their job in the next five years.
Increased sales, lower costs: Executives unveil benefits posed by generative AI
Seven in 10 believe generative AI’s benefits outweigh concerns associated with its integration.
5 in 10 employees say AI is the most in-demand digital skill
However, only 15% of them possess expertise in AI.
6 in 10 Singaporeans fear that AI will replace their jobs
Despite the worry, most Singapore would delegate as much work to AI to lessen workloads.
AI Singapore, Temus join hands to accelerate AI adoption amongst local firms
The partnership between the two companies will realise Singapore's vision to be a Smart Nation.
ERA integrates OpenAI GPT-3 into its SALES+ app
The integration will allow agents to generate tenancy reminders.
Almost half are likely to use ChatGPT for general searching
This includes searching for nutritional information on food.
Chart of the Day: Majority has reservations when chatting with ChatGPT
Non-consensual data collection and misinformation are some of their worries.
MAS unveils AI tool to help financial institutions curb greenwashing
The AI utility is part of the National Artificial Intelligence Programme in Finance.
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