Summary
This report details the findings from industry exchanges co-organized by SGTech and EY, focusing on Singapore's potential as a leading AI hub in a multipolar world. It outlines the significant economic opportunities presented by AI, estimating potential benefits of up to SGD 198.3 billion by 2030, which could represent nearly 30% of Singapore's GDP. The report identifies key challenges, including limited AI talent and data fragmentation, which could hinder progress. It also highlights the geopolitical landscape's impact on technology investments and the importance of navigating trade policies. Recommendations are provided for addressing these challenges, including fostering AI literacy, enhancing local business competitiveness, and creating a strong national AI brand. The report emphasizes the need for coordinated national support to overcome structural bottlenecks and position Singapore as a trusted global AI leader.
