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Technology Singapore Aims to Carve Out Niche in AI Race Led by U.S., China

06:05  13 november  2019
06:05  13 november  2019 Source:   bloomberg.com

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Singapore has unveiled an ambitious strategy to become a global leader in artificial intelligence by 2030, attempting to carve out a niche for itself Read more: Singapore Tries to Find Its Own Path In Clash of AI Superpowers. China and the U . S . are two AI superpowers that have dominated research

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(Bloomberg) -- Singapore has unveiled an ambitious strategy to become a global leader in artificial intelligence by 2030, attempting to carve out a niche for itself in an increasingly politicized technology.

Deputy Prime Minister Heng Swee Keat outlined five key areas the island nation is targeting for AI applications including in transport and logistics planning, provision of municipal services, detection and management of chronic diseases, personalized education and border control. The country is planning to eventually fully automate immigration clearance for all travelers.

Heng Swee Keat wearing a suit and tie: Key Speakers at The Stewardship Asia Roundtable© Bloomberg Key Speakers at The Stewardship Asia Roundtable

Heng Swee Keat

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“Singapore is ready to deploy artificial intelligence at a national scale,” Heng, who also serves as finance minister, said in a speech at the annual Singapore Fintech Festival. “We aim to be a leader in developing and deploying AI solutions by 2030.”

Heng said the first step in health care is to deploy SELENA+, an AI system that is able to detect three major eye conditions, including diabetic eye disease, from retina photographs. “These solutions can be applied beyond Singapore, to the region and the world,” he said.

Read more: Singapore Tries to Find Its Own Path In Clash of AI Superpowers

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China has allocated billions of dollars towards infrastructure to house hundreds of AI businesses in dedicated industrial parks. The country that eventually leads in AI will have an advantage in nearly every sector and industry, says the experts. According to General Jamieson, “second place might as

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China and the U.S. are two AI superpowers that have dominated research but ongoing trade tensions between them is cooling the international collaboration that underpins technological innovation. Their AI dominance has also raised questions about how smaller countries like Singapore can influence and participate in emerging technologies.

Singapore’s approach is to target specific AI applications for development and deployment at scale in specific industries. It’s investing S$500 million ($368 million) on AI research through 2020 and has attracted U.S. and Chinese companies with policies that support AI research.

Tang Xiao’ou, co-founder of China’s SenseTime Group Ltd., said in a statement Singapore’s national AI strategy will help “establish our Singapore base as a living lab” for research.

“Silicon Valley and Beijing have been global leaders in AI research and developing AI-first startups,” said Andrew Ng, founder and chief executive officer of Landing AI. “Singapore has all the pieces needed to become a regional AI hub.”

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China and the United States are ahead of the global competition to dominate artificial intelligence ( AI ), according to a study by the U .N. World Intellectual Property Organization (WIPO) published on Thursday. “The U . S . and China obviously have stolen a lead .

People' s Republic of China – Singapore relations officially started on 3 October 1990. Diplomatic missions were established in the early 1990 s based on trade and the warming of ties from other ASEAN countries towards mainland China .

Other key details of Singapore’s national AI strategy and Heng’s speech:

Singapore will create a new National AI Office to set the agenda for AI and bring together efforts across research, industry and government.Singapore will launch AI Marketplace, a new platform to support small and medium enterprises and startups.The Monetary Authority of Singapore will introduce “Veritas,” a framework for AI governance in the financial industry.The Infocomm Media Development Authority and the Singapore University of Technology and Design will start a new research-industry-government collaboration to leverage AI applications for smart estates.

To contact the reporter on this story: Yoolim Lee in Singapore at yoolim@bloomberg.net

To contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum Murphy

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

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