Singapore to offer world's largest AI hub: Marvelstone

SINGAPORE may be set to have the world's largest artificial intelligence (AI) hub in Singapore's central business district by next year, said Marvelstone Group, the private investment firm behind Singapore's fintech hub Lattice80.

The AI hub's goal is in part to position Singapore as a global leader in AI technologies.

"There is a clear need for a big playground for startups, entrepreneurs and even corporates in the field of AI. Considering the high interest and demand for AI globally, there are still relatively few places to test these new technologies," said Joel Ko Hyun Sik, president of Marvelstone Group.

The goal is to incubate 100 startups, and build intellectual property in the area of AI. Such efforts would include educating some 1,000 people per year in this field, and drawing in investments through the hub, Marvelstone said.

The AI hub will be followed by sister hubs in Japan, Scotland and Canada.