AI

As many as 48 percent of Singapore's finance professionals fear that artificial intelligence (AI) will affect their own roles, although 81 percent say they are confident in their ability to learn and apply the technology, the Association of Chartered Certified Accountants (ACCA) said in a statement on Wednesday.

Taiwan-based TECO Electric & Machinery will acquire a majority stake in Malaysian engineering firm Dynaciate, in a deal worth MYR200 million ($50.8 million), as part of its expansion into Southeast Asia’s AI data center infrastructure market.

KPMG has launched a Trusted Artificial Intelligence Centre of Excellence in Singapore, aimed at helping organizations strengthen governance and trust in artificial intelligence systems as adoption accelerates across industries.

Singapore’s Ministry of Digital Development and Information (MDDI) and OpenAI will launch “OpenAI for Singapore,” a joint initiative aimed at strengthening the country’s position as a hub for applied AI innovation.

Singapore and Google will jointly expand the deployment of frontier artificial intelligence (AI) across public services, research, education, and enterprise innovation.

Enterprises across the Asia-Pacific region are rapidly increasing investments in agentic AI, with 42 percent of organizations planning to allocate at least $1 million to AI agents over the next 12 months, according to a new report released by Informa and technology research firm Omdia.

Most bankers expect artificial intelligence (AI) agents to become part of the workforce within the next five years, according to the “AI in Banking Benchmark” report released by NASDAQ-listed nCino, a platform for agentic AI banking.

Singapore-based AGIBOT Pte. Ltd, under Chinese humanoid robot developer AGIBOT, will supply up to 143 robots for deployment at a Michigan data center, focused on artificial intelligence (AI) operations.

Hong Kong-based Animoca Brands will invest up to $10 million in selected early-stage projects building on its AI agent platform, known as “Minds.”

China’s online and mobile payment platform Alipay has launched a new AI payment processing product aimed at enabling businesses in mainland China, including small firms and one-person companies, to accept payments from autonomous AI agents.