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Singapore Launching $50 Million Program to Advance Research on AI, Cybersecurity

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A view of Singapore.

Singapore plans to invest $50 million in a program to support research on artificial intelligence and cybersecurity for future communication structures.

Credit: Bloomberg

Singapore's Deputy Prime Minister Heng Swee Keat announced that the city-state intends to invest $50 million in research on artificial intelligence and cybersecurity for next-generation communications infrastructures.

The goals of Singapore's Future Communications Research & Development Program include establishing communications testbeds for 5G and beyond-5G, supporting the development of new technologies, and cultivating local talent.

The island-nation also will launch the Singapore Trade Data Exchange, a venue that will enable multiple stakeholders (logistics players, shippers, and buyers) to share data that will reportedly be encrypted and transmitted, without being stored.

The Singapore Financial Data Exchange launched last year lets users sign in with their national digital identity to access their consolidated financial data from enrolled banks and pertinent government agencies.

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