News
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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.
Singapore's Big AI Push Falls Short on Data Activation, PwC Report Finds
Singapore organisations are leading the world in AI risk-taking, with 67% willing to invest aggressively compared to 41% globally, but a new PwC report reveals a critical gap: only 43% are generating new value from their data. The finding points to a widespread failure to activate the data that AI systems depend on.
AI Boom Investment Opportunities Lie Beyond Big Names in Singapore
The Edge Singapore argues that the real investment opportunities from the AI boom lie with semiconductor supply chain companies like Micron that have significant operations in Singapore, rather than the premium-valued mega-cap tech names.
Digital Banks Bet Big on AI but Face a Hard Question: Where Is the ROI?
Singapore's digital bank leaders gather at the ABF & Insurance Asia Summit to confront a growing tension: AI investment is surging but measurable returns remain elusive. Green Link Digital Bank, ANEXT Bank, GXS Bank and MariBank shared how they are tying AI spend to profitability, risk management, and scalable infrastructure.
Singapore Seizes $42M Luxury Mansion Linked to Nvidia AI Chip Smuggling
Singapore police have seized a luxury bungalow worth S$55 million (US$42.5 million) allegedly purchased with proceeds from smuggling Nvidia AI servers into China, marking the first time corporate entities have been charged in the city-state's escalating crackdown on US export control violations.
Singapore Seizes S$55M Bungalow in Nvidia AI Chip Smuggling Probe
Singapore police have seized a S$55 million luxury bungalow and frozen nearly S$1 million in bank funds as part of an expanding investigation into an alleged scheme to smuggle advanced Nvidia AI chips in violation of US export controls, with new charges filed against four individuals and four corporate entities.