Latest News In Innovation | SGInnovate

Keep up to date with the latest news in Deep Tech – from Singapore to the world.

    Latest News in Deep Tech – from Singapore to The World.

  • SGInnovate Launches Deep Tech for Good Initiative

    SGInnovate has launched Deep Tech for Good, a new initiative that seeks to accelerate the development and use of Artificial Intelligence (AI) and other frontier technologies to improve the human condition and drive sustainable development across different markets. The initiative was launched at a virtual event with an international line-up of experts sharing their perspectives on how Deep Tech can be advanced for social and economic good.

    Topics: AI / Machine Learning / Deep Learning, Others, Sustainability

  • MAS to Create ‘Fairness Metrics’ for AI, Analytics Adoption in Financial Services

    THE Monetary Authority of Singapore (MAS) will be developing "fairness metrics" in credit risk scoring and customer marketing as part of the first phase of its Veritas initiative. The Veritas consortium currently comprises MAS, SGInnovate, EY, CFA Society Singapore, the Bankers Association for Finance & Trade, tech giants Amazon Web Services and Microsoft, IAG Firemark Labs and Gradient Institute, Element AI, and 16 financial institutions.

    Topics: AI / Machine Learning / Deep Learning, Data Science / Data Analytics

  • Singapore Budget 2020 and What It Means for the Tech Ecosystem

    On 18 February 2020, the Singapore government announced the budget allocation for the year. One of the highlights of the budget was the S$300 million (US$215 million) additional funds set aside to support startups in the Deep Tech sector. The government noted the larger investment and longer gestation period required by Deep Tech investments as the reason why the sector was given special attention in this budget.

    Topics: AI / Machine Learning / Deep Learning, Others, Startup and Corporate Open Innovation

  • MAS Launches Framework to Promote AI and Data Analytics Adoption

    Singapore Business Review reported that MAS has joined a consortium of financial industry partners to introduce Veritas, a framework promoting the adoption of AI and Data Analytics (AIDA)-driven solutions. The framework will enable financial institutions to evaluate their AIDA-driven solutions against the principles of fairness, ethics, accountability and transparency (FEAT). Veritas will comprise of open source tools that can be applied to different business lines, such as retail banking and corporate finance, and in different markets. The platform will focus on use cases in three areas, customer marketing, risk scoring and fraud detection for a start. The Veritas consortium is currently made up of 17 members, comprising MAS, SGInnovate, EY and 14 other financial institutions.

    Topics: AI / Machine Learning / Deep Learning

  • IN2Summit: Asia Emerges as Critical Barometer for AI's Comms Challenges

    Holmes Report published an article from the panel discussion “Artificial Intelligence + The Future of Communications” at the IN2Summit Asia Pacific, where the panellists discussed how AI has changed the role of communications practitioners. According to research from MIT Technology Review, 45 percent of respondents believe that Asia will lead the world in the development of ethics and governance than any other region, as compared to only a quarter who sees North America as the ethics frontrunner. On the topic of ethics, Grace Chiang, deputy director of comms for SGInnovate noted that regulation is always playing catch-up with technology and cited the challenges of setting ethical standards due to ethics being “culturally defined”. While the core of being a communicator remains the same, which is to share a compelling message to the right audience, Grace said that technology that surrounds that core will augment the job of a communicator.

    Topics: AI / Machine Learning / Deep Learning

  • Expedia, AI Singapore Join Forces on AI to Improve Online Searches for Asian Travellers

    TTG Asia reported that Expedia Group has announced a collaboration with AI Singapore (AISG) under its flagship 100 Experiments (100E) programme to develop an AI solution to transform the online search experience for Asian travellers. For a start, Expedia Group and AI Singapore project team will leverage NLP and ML to develop an AI-based model to enhance search query understanding and resolution in the Japanese language, before extending the model to other Asian languages to enhance online search efficiency. AISG’s 100E programme matches companies which are keen to use AI to address their problem statements with local researchers. AISG is driven by a government-wide partnership comprising NRF, the Smart Nation and Digital Government Office, the EDB, the IMDA, SGInnovate and the Integrated Health Information Systems.

    Topics: AI / Machine Learning / Deep Learning