Singapore Unveils Budget Focused on AI Strategy and Economic Transformation

Singapore's new government presented its first fiscal budget since the May elections on Thursday, focusing on technological strategies. According to Ming Pao, the budget includes the establishment of an Artificial Intelligence (AI) Council, chaired by Prime Minister and Finance Minister Huang Xuncai, to guide the nation's AI development. The council aims to set strategic directions for AI integration across key economic sectors. Additionally, the budget outlines a series of new national AI development initiatives to drive transformation in critical areas of the economy. The budget also continues to provide financial distributions to citizens.