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Singapore's Producer Prices Jump 30.8% in May as AI Demand Surges
Singapore's manufactured products price index surged 30.8% year-on-year in May 2026, driven by sustained AI infrastructure demand. The Economic Strategy Review blueprint outlines plans to position Singapore as a trusted hub for AI development.

Grand Copthorne Hotel Launches AI-Powered TCM Afternoon Tea Experience
Grand Copthorne Waterfront Hotel Singapore has launched an AI-powered Traditional Chinese Medicine afternoon tea, where guests receive a personalised herbal tea recommendation based on a real-time AI tongue scan — all brewed in under two minutes.

Firmus and Singapore-Based DayOne to Build 360MW Nvidia AI Factory in Batam
Australian AI infrastructure firm Firmus Technologies has partnered with Singapore-based data centre operator DayOne and Nvidia to build a 360-megawatt AI factory campus in Batam, Indonesia — just off Singapore's coast — set to go live in Q1 2027.

NHCS Develops AI That Reads Heart Attack Damage in Under a Minute
The National Heart Centre Singapore has developed CARDIA-GM, an AI platform that analyses cardiac MRI scans to detect post-heart attack damage in under 60 seconds with 95% accuracy — compared to up to an hour for manual expert review.

80% of Financial Institutions Hit by AI Agent Attacks, BioCatch Survey Finds
A new global survey from BioCatch reveals that 80% of financial institutions have encountered attacks carried out by AI agents, with 84% of professionals believing agentic AI will become the industry's largest exploitable vulnerability within the next year.

'Tokenmaxxing' Threatens to Derail Singapore's AI Adoption Push
A growing phenomenon known as 'tokenmaxxing' is seeing Singapore employees inflate AI usage metrics by running unnecessary tasks through language models, gaming internal dashboards rather than achieving real productivity gains, warns a new commentary.

Apple Hikes Mac and iPad Prices in Singapore Up to S$600 on AI Memory Chip Crunch
Apple has raised prices across Mac and iPad models in Singapore by up to S$600, directly blaming a global memory chip shortage driven by AI data center expansion — the first major consumer electronics price hike tied to the AI infrastructure buildout.

MAS Flags Hyperliquid While BitGo Doubles Down on AI and Stablecoins
MAS has added Hyperliquid to its Investor Alert List, warning consumers the DeFi platform is not regulated in Singapore, while BitGo restructures around AI and stablecoins — signalling a maturing crypto industry.

IIT Alumni to Train 1,000 Migrant Workers in AI and Digital Skills in Singapore
IITAAS has partnered with the Migrant Workers’ Centre to train 1,000 migrant workers in AI and digital literacy over two years, starting August 2026. The programme covers basic digital skills, workplace applications, and AI concepts, supported by the High Commission of India.

Airwallex Raises US$320M at US$11B to Build AI-Powered Finance Tools
Global payments firm Airwallex has raised US$320 million in Series H funding at an US$11 billion valuation, earmarking the capital for AI-driven financial software and a new consumer wallet. The round comes six months after its previous US$330 million raise.

GIC, Mercedes Back Momenta's US$800M Autonomous Driving IPO
Singapore sovereign wealth fund GIC has joined Mercedes-Benz as a cornerstone investor in Chinese autonomous driving startup Momenta's upcoming Hong Kong IPO, which is targeting up to US$800 million at a valuation of roughly US$9 billion.

Singapore's CDA Deploys AI and Agentic Models in Disease Fight
Singapore's Communicable Diseases Agency (CDA) is embedding artificial intelligence across its disease detection and outbreak response workflows, using NLP, agentic AI frameworks, and real-time surveillance to stay ahead of infectious disease threats. CEO Vernon Lee says the technology frees up staff for higher-level policymaking.