News
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AI Failures Put 86 Percent of Singapore CEOs Jobs at Risk Survey Finds
Eighty-six per cent of Singapore CEOs believe their jobs are at risk if their companies fail to integrate AI effectively according to a new survey of C-suite sentiment.
Temasek Sets Ambitious 15 Percent AI Portfolio Target by 2031
Temasek plans to more than double its AI investments from 6 per cent to 15 per cent of its S$518 billion portfolio by 2031 investing across semiconductors cloud data centres and foundation models.
Singapore Files New Charges in Nvidia Chip Fraud Case as Crackdown Intensifies
Singaporean prosecutors have filed additional charges including money laundering against a key suspect in an AI server fraud case involving illegal Nvidia chip exports. The expanded case marks a significant escalation in Singapore's efforts to clamp down on fraudulent chip trading tied to sanctions evasion.
Samsung Flags 18-Fold Profit Surge as AI Memory Demand Booms
Samsung Electronics is expected to report an 18-fold jump in operating profit to approximately $56 billion for Q2 2026, driven by surging AI demand for memory chips. The record result marks the company's third consecutive quarterly record as agentic AI expands beyond training into broader computing workloads.
SK Hynix Launches $28B US Listing to Capitalise on AI Memory Boom
South Korean chipmaker SK Hynix is launching a US listing on the Nasdaq to raise approximately $28 billion, capitalising on surging global demand for AI memory chips. The listing removes an 'accessibility discount' for US investors and ranks as one of the world's largest new share sales, trailing only SpaceX's recent record IPO.
Singapore Firms Scale AI Faster Than Governance Can Keep Up, Insight Finds
A new study by global technology solutions firm Insight reveals that Singapore organisations are moving from AI experimentation to scaling faster than their governance frameworks can support. The survey of 220 local business decision-makers found 37% of firms are already scaling AI across functions and 14% have fully embedded it — but oversight structures are struggling to keep pace with rising autonomy.
Singapore CFOs Embrace AI but Most Struggle to Show Returns, Deloitte Finds
Deloitte's inaugural Asia Pacific CFO Pulse Survey reveals 63% of Singapore CFOs have adopted AI across their organisations, but only 41% report seeing value from AI investments — well below the 52% Asia Pacific average.
Beyond AI Literacy: Singapore Must Learn to Build with AI, Says BT
A Business Times opinion piece by Brian Lim and Leslie Teo argues that Singapore's focus on AI literacy is incomplete — the city-state must prioritise building AI products and companies, not just training workers to use the tools. While Singapore ranks first globally in innovation inputs, it only places ninth in outputs.
Singtel Weighs REIT to Fund Data Centre and AI Infrastructure Build-Out
Singtel is considering setting up a publicly listed real estate investment trust to fund its growing data centre and AI cloud investments, as the telco's capital expenditure rises to S$3 billion in FY2027. The move would follow other major data centre operators like Digital Realty and GDS in spinning off a REIT for stabilised assets.
TikTok Cuts Jobs in Singapore as Global Restructuring Accelerates
TikTok has laid off employees at its Singapore office as part of a global reorganisation affecting its Trust and Safety teams across multiple countries, with cuts also reported in Indonesia, Malaysia and Dublin.
DBS, Maybank, UOB Lift Singapore GDP Forecasts to 4.3% on AI Spending Surge
Major research houses have raised Singapore's 2026 GDP growth forecast to as high as 4.6 per cent, citing sustained AI investment, a construction boom, and easing geopolitical risks from the Middle East.
70,000 Singaporeans' Data Exposed in SLA Test System Breach
The personal data of about 70,000 Singaporeans was exposed after an SLA test system meant for anonymised data used real NRIC numbers and property addresses instead. The breach, managed by IBM's cloud environment, is the latest reminder that AI-powered cyber threats are outpacing traditional defences in Singapore's digital landscape.