News
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It's a Two-Horse Race for the AI Crown — Where Does That Leave Singapore?
The artificial intelligence race is and will remain a contest between two superpowers — the United States and China — and Singapore's best move isn't trying to compete on their terms, argues economist Linda Lim in a sharp Straits Times opinion piece.
Singapore Insurers Turn to AI as Medical Inflation Hits Record 16.9%
Singapore insurers are turning to artificial intelligence as medical inflation drives claims costs to record levels, with industry leaders warning that the old playbook of charging higher premiums is no longer enough.
PatSnap Files for Dual Hong Kong–Singapore IPO Targeting US$400M
PatSnap, the Singapore-based AI-powered intellectual property analytics unicorn, has confidentially filed for a dual initial public offering on the Hong Kong Stock Exchange and the Singapore Exchange, targeting between US$300 million and US$400 million at a valuation north of US$2 billion.
Anthropic Disables Top-Tier AI Models After US National Security Order
The United States government has ordered Anthropic to disable its most advanced AI models — Fable 5 and Mythos 5 — for all foreign nationals, marking a dramatic escalation in how Washington controls frontier AI technology.
Banks Are Fighting Over a Job That Didn't Exist a Year Ago: Chief AI Officer
A role that was barely on organisational charts a year ago has become the most contested position in global banking. The share of financial institutions with a Chief AI Officer has surged from 26 per cent in 2025 to 76 per cent in 2026, according to an IBM Institute for Business Value.
Cheaper Chinese AI Models Give Asian Businesses a Cost Break With Strings Attached
Chinese AI models are dramatically undercutting their US rivals on price — MiniMax and Moonshot charge roughly US$2 to US$3 per million output tokens, compared with US$30 for OpenAI's GPT 5.5 and US$15 for Anthropic's Claude 4.5 — but the discount comes with trade-offs that Asian.
Young Adults Under 35 Show Lowest AI Adoption Rates in Singapore
A new survey from AsiaOne has uncovered a surprising dynamic in Singapore's AI landscape: adults under 35 report the lowest adoption rates of generative AI tools and the most negative views of AI's impact on society.
Shopee Cuts Hundreds of Developer Jobs as Sea Pivots to AI
Shopee is cutting approximately 8% of its developer workforce globally as parent company Sea Limited restructures toward AI, with product and engineering teams in Singapore among the hardest hit. Severance packages offer one month per year of service plus two additional months.
Trust Will Decide Whether Singapore AI Bet Pays Off
The primary barrier to AI adoption in Singapore has shifted from access to trust, argues a new analysis from The Edge Singapore. As AI moves beyond low-stakes pilots into core banking, healthcare and public service functions, the question is whether Singaporeans can rely on these systems enough to use them in everyday economic life.
Meta's Manus Breakup Closes Singapore Loophole for Chinese AI Firms
Meta has completed its operational separation from Manus, the red-hot agentic AI startup, cutting off data sharing and internal system access as both companies work to unwind a US$2 billion deal that Beijing ordered reversed.
Singapore's Datacentre Hub Under Pressure as AI Hits the Infrastructure Wall
AI's primary bottleneck has shifted from algorithms to physical infrastructure — power, cooling, and grid capacity. Singapore's ST Telemedia Global Data Centres CEO warns that compute constraints are now the main barrier, with 71 per cent of APAC organisations unable to move AI pilots into production.
Singapore's Public Sector Pays 107% More for AI Talent, PwC Finds
Singapore's public sector pays a 107% wage premium for AI-skilled roles, the highest of any sector, according to PwC's 2026 Global AI Jobs Barometer. AI job postings surged to 5.3% of all listings in 2025, with 84,000 AI-related roles and most demand for AI users rather than AI builders.