Singapore central bank pledges $100M to boost AI and quantum technologies in finance

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

MAS's initiative aims to establish Singapore as a leading hub for AI and quantum technologies within the financial industry

SINGAPORE: In a significant move to bolster technological advancements in the financial sector, the Monetary Authority of Singapore has pledged up to $100 million to support the integration of artificial intelligence and quantum computing.

The newly allocated funds will be channelled through various grant categories designed to foster innovation and enhance security in the sector. This grant is designed to encourage financial institutions to experiment with and adopt quantum technologies, potentially revolutionizing how complex financial problems are solved.

In addition to the quantum track, MAS has announced enhancements to the AI and data grant scheme under FSTI 3.0.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines