Singapore Boosts AI Adoption: $1B Investment & Major Initiative to Transform Over 1000 SMEs
May 22, 2024![Singapore Boosts AI Adoption: $1B Investment & Major Initiative to Transform Over 1000 SMEs](https://cdn.brief.news/images/stories/988c3c8dd9fb2912ef1a148d3a0d2e633cc7bf655ba0806d089a5dd8e43a57e192f57522d317098f7c0145a1f5a9e838fbab21af71a53ff43d4843367f6aab9d.jpg)
Enterprise Singapore, Microsoft, and AI Singapore collaborate to help over 1000 local SMEs in Singapore integrate AI technology.
The Microsoft Copilot for SMEs program offers a 50% subsidy on license costs for eligible SMEs.
Additional support from IMDA aims to enhance AI capabilities for digitally mature companies.
Deputy Prime Minister Gan Kim Yong highlights AI adoption as crucial for productivity and announces the Applied AI program at Institutes of Higher Learning.
The government commits a $1 billion investment in AI funding over the next five years to support National AI Strategy 2.0 goals.
The initiative aims to upskill tech professionals and drive the digital economy forward.
SMEs like Swan and Maclaren Group and Mocha Chai Laboratories see AI as beneficial for resource optimization and industry transformation.
Summary based on 2 sources
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![SMEs in Singapore to receive more support for AI adoption](https://cdn.brief.news/images/links/600060c49b8ce3716571d5aa9ffe91e845a4402c68560188462463e622aeff29bfd42a482f3a38e3964670dc589e0ff7024a22f0a5974ea99afeebc54b968fdd.png)
Timothy Goh • May 21, 2024
SMEs in Singapore to receive more support for AI adoption![EnterpriseSG partners with tech industry to boost AI capabilities for SMEs](https://cdn.brief.news/images/links/988c3c8dd9fb2912ef1a148d3a0d2e633cc7bf655ba0806d089a5dd8e43a57e192f57522d317098f7c0145a1f5a9e838fbab21af71a53ff43d4843367f6aab9d.jpg)
Charlton Media Group • May 21, 2024
EnterpriseSG partners with tech industry to boost AI capabilities for SMEs