The National University of Singapore has inaugurated the NUS AI Institute, concentrating on AI research for social good in multiple sectors.

NAII is set to enhance AI transparency, accountability, and address ethical concerns and risks.

The institute is poised to grow Singapore's AI expertise by nurturing talent and engaging in critical research.

NAII has obtained research funding and formed partnerships with major tech entities like IBM and Google Cloud.

Investments from the institute will be directed towards foundational AI research, understanding policy impacts, and developing practical applications.

The institute will also focus on AI governance and creating a shared resource of AI tools for broader use.

Singaporean businesses are increasingly allocating IT budgets to AI and emerging technologies to bolster security and discover new business opportunities.