Singapore emerges as AI hub contender, says PwC study
Source: The Star
Published on: 2026-04-13 10:40
SINGAPORE (Xinhua): Singapore businesses are adopting artificial intelligence (AI) with significantly greater confidence and speed than their global peers, positioning the city-state as a strong contender for regional AI hub status, according to PwC's Global AI performance study released on Monday. The study found that 67 per cent of Singapore businesses have a higher risk appetite for AI investment, compared with just 41 per cent globally, while 63 per cent of Singapore respondents allocate people and funding based on AI opportunities, above the global average of 51 per cent. Meanwhile, about 43 per cent said they are using AI to compete beyond their own sectors, more than double the global average of 20 per cent. In addition, 30 per cent reported having eliminated outdated information technology (IT) infrastructure, compared with 18 per cent globally. Conducted between July and Sept...
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