Dear reader,
An AIPRM study reveals Singapore’s AI investment outpacing the US by 16% per thousand $GDP, showcasing the nation’s strategic commitment to technological advancement.
Despite the US leading in AI investment with US$328,548 million spent over five years, Singapore’s investment, equivalent to 1.5% of its GDP in 2022, signals notable dedication. This positions Singapore as a significant player in the global AI landscape, with the Asia Pacific contributing substantially.
The data highlights the global economic impact of AI investments, projecting a market size exceeding US$2.5 trillion by 2032. Workplace applications, notably email spam filters and chatbots for customer service questions, underscore the integration of AI into business operations.
Singapore’s ascent in AI investment emphasises its strategic position in evolving technological innovation and economic growth.
Sainul,
Editor.
News
Singapore surpasses US in AI investment: Study
A new study has revealed that Singapore’s Artificial intelligence (AI) investment rate has outpaced the US by 16 per cent per thousand $GDP; This is despite the US being the largest investor in AI, with US$328,548 million spent in the last five years.
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Arkadiah secures seed funding for AI-driven nature restoration solution
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Another detail that the report revealed is the programming language dominates Singapore’s software development community.
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