The Straits Times-June 12, 2023

The key priorities of nations in the age of the digital economy include the responsible use of artificial intelligence (AI), cyber security and connectivity. Touching on this crucial issue last week, Deputy Prime Minister and Finance Minister Lawrence Wong drew attention to the transformative role that AI could play in the economic evolution of Singapore, which has never been shy to embrace the accelerative role of technology in its journey from penury to success. But the stakes are higher today. While AI could shake up the digital economy, it also possesses biases that could compromise its decision-making, with serious implications for societies. Ensuring the ethics of AI usage, therefore, is crucial to its future, as beneficial technology acts as a force multiplier in social and economic relations. Read more at: https://www.straitstimes.com/opinion/st-editorial/singapore-banks-on-ai-with-guard-rails First published in The Straits Times