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Reading: Can the remainder of the world catch as much as the U.S. and China on AI? ‘Make a virtue of your small size,’ consultants say
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Business

Can the remainder of the world catch as much as the U.S. and China on AI? ‘Make a virtue of your small size,’ consultants say

Editorial Board
Editorial Board Published July 30, 2024
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The U.S. and China, the world’s largest and second-largest economies respectively, are at the moment the world leaders in A.I. analysis. Each superpowers additionally boast extra corporations and capital than anybody else.

However maybe measurement doesn’t matter, and smaller nations like Singapore can preserve tempo within the race to undertake AI, consultants stated Tuesday at Fortune’s Brainstorm AI Singapore convention. 

“It’s pretty clear from the outset that a country like Singapore could never compete with China and the U.S. in terms of scale,” stated Simon Chesterman, vice provost on the Nationwide College of Singapore and a senior director at AI Singapore, a company that goals to construct an AI ecosystem within the Southeast Asia nation. 

However “if you can’t beat them on quantity, you can at least try to compete on quality,” Chesterman stated, arguing that nations have to “make a virtue of your small size.”

Singapore is the third-highest economic system on Tortoise Media’s world AI index, behind simply China and the U.S. and forward of bigger economies like Germany and Japan. 

The nation’s core pillars are “infrastructure, talent and adoption,” stated Serena Cesareo, a senior researcher on the London-based information group. 

By way of land space, Singapore is smaller than New York Metropolis, and its measurement might assist the federal government roll out its AI technique extra successfully. 

That compactness may also help “make industries more competitive, deliver government services better, and help citizens understand and interact with [AI] technology in a way that builds confidence and trust,” stated Andrea Phua, senior director of the nationwide AI group in Singapore’s Ministry of Digital Growth and Data.

It’s not about “using AI for AI’s sake,” she stated, however as a substitute about utilizing it correctly, making Singaporean corporations and folks comfy with utilizing AI functions, and in flip promote innovation. 

A technique AI functions get higher is by getting extra customers–and in flip getting extra knowledge. 

Singapore’s focus is getting all the workforce–not simply machine studying engineers and knowledge scientists–comfy with AI, Shameek Kundu, a member of the Singapore authorities’s AI advisory council, stated. He cited the Singapore Academy of Regulation, and its recommendation to legal professionals on the best way to use generative AI, for instance. 

Chesterman defined AI’s not simply concerning the knowledge, the computational energy, or the {hardware}, but it surely’s additionally about investing within the expertise to reap the benefits of AI developments.

He in contrast AI to earlier technological revolutions like electrical energy. “Not everyone needs to be an electrician, but you need to know how to develop tools that will use electricity, or apply electricity in new ways,” Chesterman stated.

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