Technology

DeepMind CEO Warns of AI Investment Bubble at Davos

Demis Hassabis, CEO of Google DeepMind, expressed concerns at the World Economic Forum in Davos about the unsustainable nature of current AI investments, likening them to a bubble. He emphasized the importance of mastering AI tools for future careers, suggesting that this could be more beneficial than traditional internships. While he acknowledged potential job reductions due to automation, he also noted that the advent of general artificial intelligence could create new, more meaningful employment opportunities within the next five to ten years, alongside significant challenges.

Singapore to invest S$1 billion in AI research

Singapore will invest over S$1 billion (approximately $786 million) in public artificial intelligence research through 2030, as announced by Minister for Digital Development and Information Josephine Teo. This funding is part of the National AI Research and Development Plan (NAIRD) and aims to enhance the country's AI capabilities, support talent development, and strengthen AI adoption across various industries. The investment aligns with Singapore's updated National AI Strategy 2.0, which seeks to increase the number of AI practitioners and position the nation as a global AI hub.