How Will Singapore's Open Source Toolkit Benefit the Financial Sector's Use of AI?

Lawmakers and regulators around the world are grappling with the challenges posed by artificial intelligence (AI).

In some regions, including the EU, the direction of travel is towards comprehensive legislation. In others, the preferred approach relies on guidelines, codes of practice and frameworks for ethical development. Singapore has applied characteristic drive and focus to meeting the challenge, with plans to “deepen our use of AI technologies to transform our economy, going beyond just adopting technology, to fundamentally rethinking business models and making deep changes to reap productivity gains and create new areas of growth”.

In the latest episode of our Privacy Law Podcast Singapore-based partner Charmian Aw examines the latest developments and looks forward to the next steps towards fulfillment of the National Artificial Intelligence Strategy.