Singapore Wants to Play ‘Long Game’ in AI Space, MAS Official Says

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.”