Singapore is seeking to flip the script by turning its land and manpower constraints into reasons to embrace AI instead of fearing it, even as the technology carries the spectre of job losses and cyberthreats in the wrong hands, a senior official has said.
Minister for Digital Development and Information Josephine Teo argued that pragmatism would give her resource-scarce country an edge without becoming overly reliant on any single power or AI provider.
At the Family Business Summit in Hong Kong on Wednesday, co-organised by the South China Morning Post and Blue Pool Capital, Teo also warned that AI was advancing faster than societies could adapt, potentially leaving younger workers facing a “broken rung” on the career ladder, while businesses shifted spending on wages to AI technology.