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Singapore IMDA said efforts will focus on addressing industry needs and unlocking new opportunities enabled by emerging digital trust technologies.
Singapore’s Infocomm Media Development Authority (IMDA) and National Research Foundation Singapore (NRF) is investing S$50m million over the next five years to develop its digital trust capabilities.
The investment aim is to help Singapore tap into new opportunities as well as deal with demands arising from a global digital trust market that is expected to grow exponentially.
IMDA plans to bring together research institutions, institutes of higher learning, and the industry, to drive research and translation in trust technologies. Efforts will be focused on addressing industry needs and unlocking new opportunities enabled by emerging digital trust technologies. Some key areas of focus will include:
“Singapore believes in a balanced and collaborative approach to AI governance – one that can interoperate with other international AI governance approaches,” said Josephine Teo, minister for communications and information.
“To this end, Singapore actively engages in multilateral discussions at international platforms such as Unesco, OECD and Global Partnership on AI. Through such partnerships, we hope to build trust in the digital domain at a global level.”
Teo was speaking as the guest of honour at the ATxAI Conference, where she emphasised the importance of a collaborative approach in building a trusted digital environment for the deployment and adoption of digital technologies.
“Singapore believes in a balanced and collaborative approach to AI governance – one that can interoperate with other international AI governance approaches”
She also provided insight into Singapore’s digital agenda in helping industry build trust with stakeholders through the development of testing and certification programmes. This builds on its existing efforts to develop practical guidelines on deploying artificial intelligence responsibly via the Model AI Governance framework.
Held on 14 July, the ATxAI Conference organised by IMDA, Personal Data Protection Commission, and the National University of Singapore, brought together industry thought leaders, policymakers and experts from the East and West to discuss leading technological trends and their implications for businesses and policy making, and provided insights on the value of AI governance to the industry.