Key insights
- OpenAI is opening its first applied AI lab outside the US in Singapore, investing $235 million and expanding its staff to 200. This signals continued investment and growth in the AI sector, potentially benefiting US tech companies involved in AI development. The move also highlights the increasing global competition in AI, which could impact the long-term dominance of US-based AI firms.
SINGAPORE, May 20 (Reuters) - OpenAI will open its first applied AI lab outside of the U.S. in Singapore, the city-state’s Ministry of Digital Development and Information said on Wednesday.
Here are the details:
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OpenAI’s staffing in Singapore will grow to around 200 roles "in the next few years", and the company said it would commit more than S$300 million ($235 million) to the city-state.
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OpenAI and Singapore will collaborate to advance applied AI innovation, build AI talent, and make AI accessible to citizens, enterprises and the public sector.
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The move comes as Singapore bets on AI to transform its economy, aiming to become an AI hub that attracts leading AI firms.
($1 = S$1.28)