09 May '18, 1pm

Singapore's getting more serious with AI efforts

The collaboration will enhance AI-based product development. MAS launched a S$27 million ($20.2 million) Artificial Intelligence and Data Analytics (AIDA) grant under its Financial Sector Technology and Innovation (FSTI) scheme. The EDB will support this scheme by giving guidance to AI solution providers to create new products and services for Singapore. This will ensure that there is enough innovation in the space to help the industry thrive. The agencies will match users and solution providers. The IMDA has an AI Business Partnership Programme, which will be extended to provide tailored support for the adoption of AI solutions within the financial industry. This will be done by pairing local companies that are looking to employ AI within their businesses with those companies that provide suitable solutions. It aims to strengthen Singapore’s AI talent pool. By working wit...

Full article: https://www.businessinsider.de/monetary-authority-singapo...

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