Victor Lim

Jun 10, 2024 | jdsupra.com | Victor Lim |Jonathan Olier |Tzi-Yang Seow

Singapore's AI frameworks guide AI ethical and governance principles, with existing sector-specific regulations addressing AI risks. Laws/Regulations directly regulating AI (the “AI Regulations”)Currently, there are no specific laws, statutory rules, or regulations in Singapore that directly regulate AI.

May 17, 2024 | blogs.idc.com | Victor Lim |IDC Asia |Consulting Operations

IDC predicts that by 2025, the top 1000 organizations in Asia will allocate over 50% of their core IT spend on AI initiatives, leading to a double-digit increase in the rate of product and process innovations1. Moreover, according to a recent IDC survey, 35% of Asia/Pacific Japan (APJ) organizations will increase their IT budget to fund their AI Everywhere initiatives2. Both are proof of the ongoing AI revolution in the region.