Seize the AI advantage with business-ready solutions that are practical, affordable and made easy for SMEs
By Francis Kan
Copyright channelnewsasia
ENHANCING SUPPORT FOR AI ADOPTION
Singapore was one of the first countries to introduce a National AI Strategy in 2019, kickstarting AI projects in multiple fields and investing more than S$500 million in AI research and development. Building on this, the second National AI Strategy (version 2.0) was launched in 2023 to further harness AI to uplift and empower people and businesses, including small- and medium-size enterprises (SMEs).
Indeed, AI is a key lever driving Singapore’s economic growth. “How do we stay globally competitive amidst the rapid external changes?” Prime Minister Lawrence Wong asked in his National Day Rally 2025 speech. Through innovation and technology, he answered: “One such area is quantum computing. It is a completely new way of processing information, with the potential to transform many industries.” For example, quantum computers could provide immense processing power to enable more advanced AI models.