Singapore wants to play ‘long game’ in AI space, official says

The Monetary Authority of Singapore. — Bloomberg

SINGAPORE (Bloomberg): Singapore aims to foster the responsible development of artificial intelligence technology after learning lessons from upheavals in the digital-asset sector, according to the chief fintech officer at the central bank.

"We want to play a long game on this space,” Monetary Authority of Singapore official Sopnendu Mohanty said on Bloomberg Television. "We want to ensure whatever AI we adopt or we promote, it stays for a long period of time. We have learned a lot of lessons in the whole DLT/digital currency space. If you rush yourself very fast, you may see bad actors coming very quickly.”