News
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Singtel Sells $773M Gulf Stake to Fund AI and Data Centre Expansion
Singtel has raised approximately S$1 billion (US$773 million) by selling a 2.8 per cent stake in Thai energy giant Gulf Development, with proceeds earmarked for the telco's aggressive push into artificial intelligence infrastructure and data centre capacity across the region.
Older Singaporeans Increasingly Using AI to Create Fake Historical Images
A growing number of older Singaporeans are turning to generative AI tools to produce and share fabricated images of the country's past, sparking concerns about historical misinformation spreading across social media platforms like Facebook and Instagram.
Most Organisations Still Fail to Capture AI Value Despite Soaring Adoption
Despite 88% of organisations now using AI regularly, 60% report no material value from their investments. Only 5% of firms have achieved AI value at scale, generating 1.7x higher revenue growth and 1.6x higher EBIT margins.
Singapore Plays Central Role in GlobalFoundries Humanoid Robot AI Push
Singapore is playing a foundational role in US chipmaker GlobalFoundries pivot toward equipping humanoid robots with physical AI, according to the company chief technology officer. In an interview with The Straits Times, CTO Gregg Bartlett said Singapore has a vital role in physical AI,.
Singapore Enterprise ICT Market on Track to Hit US$140.7B by 2029
Singapore's enterprise ICT market is set to nearly double over the next three years, projected to reach US$140.7 billion by 2029 as artificial intelligence and cloud adoption accelerate across both the public and private sectors.
Fullerton Health CEO Says AI and Technology Key to Bringing Down Healthcare Costs
Fullerton Health CEO Ho Kuen Loon has identified technology and artificial intelligence as the primary levers for reducing operational costs across the integrated healthcare platform, as the company accelerates its AI deployments after two years of foundational work.
Only 1 in 10 Young Singapore Workers Are Engaged: Gallup Study Warns of AI Divide
Just 10 percent of Singapore workers under 35 are engaged at work, according to the inaugural Singapore Workplace Report 2026 by Gallup and the Singapore Institute of Directors — a figure that exposes a generational disengagement gap three times wider than the global average.
Singapore GDP Seen Hitting 4.6% as AI-Driven Exports Surge
Singapore's economy is on track to grow 4.6 per cent this year, according to a Nomura forecast, outperforming the government's official 2 to 4 per cent estimate. The driver: an AI-led surge in non-oil domestic exports, powered by booming demand for electronics and semiconductor components.
Disengagement at Work May Undermine Singapore's AI Ambitions
Singapore is betting heavily on artificial intelligence to drive its next phase of economic growth, but a rarely discussed problem sits at the heart of that strategy: rising employee disengagement. In a manpower-lean economy with an ageing and potentially shrinking workforce, disengaged.
AI Capex Cycle Drives S$680M Inflows into Singapore's Listed Tech Manufacturers
Singapore's listed technology manufacturers are riding the AI investment wave, attracting over S$680 million in net institutional inflows this year as the global AI capex boom drives demand for semiconductor equipment, precision components, and testing solutions. The SGX report highlights how local firms are carving out critical roles in the AI supply chain.
ComfortDelGro Opens Free Driverless Shuttle Rides to the Public from June 22
ComfortDelGro is offering free autonomous shuttle rides to the Singapore public from June 22 as part of its preparations to launch the service commercially. The trial gives commuters their first look at the transport giant's driverless vehicle technology and signals a significant step toward autonomous public transport in Singapore.
Singapore Man Harassed by Former Schoolmate Who Used AI to Create Fake Couple Images
A Singaporean man has been left traumatised after a former schoolmate used artificial intelligence to generate fabricated images depicting them as a romantic couple with a baby. The case highlights the growing misuse of generative AI tools for targeted online harassment and the legal recourse available under Singapore's Protection from Harassment Act.