News
Industry shifts, market moves, and workforce impact.
Shopee cuts hundreds of developer jobs globally as it pivots to AI
Shopee has begun laying off hundreds of developers globally, including in Singapore, as the e-commerce giant restructures its workforce amid a broader industry push towards artificial intelligence.
White-collar workers turn to unions as AI reshapes S'pore's job landscape
NTUC handled over 3,900 retrenchment cases for PMEs in 2025, with AI investments increasingly cited as a factor in workforce restructuring as Singapore's unemployment remains low.
28 of the world's top AI firms are now hiring in Singapore — OpenAI leads the pack
Singapore's push to become Asia's AI hub is showing real momentum. 28 of the world's 250 most valuable AI firms are actively recruiting in the city-state, with OpenAI alone posting 22 open positions from its Singapore office.
Singapore Factory Activity Hits 10-Month Growth Streak on AI Chip Demand
The manufacturing PMI rose to 51 in May, driven by strong demand for AI-powered technology across semiconductor supply chains.
GIC and Temasek Anchor Singapore's Stake in Anthropic's Record $65B Round
Singapore's sovereign wealth funds co-led Anthropic's landmark Series H round, valuing the AI safety company at $965 billion and underscoring the city-state's growing clout in frontier AI investment.
Standard Chartered Names New Data Chief to Drive AI Transformation
Standard Chartered has appointed Shebani Baweja as Group Chief Data Officer, based in Singapore, to spearhead its enterprise-wide data strategy and accelerate AI-driven transformation across the bank's global operations.
Databricks Appoints New APJ Head, Quadruples Singapore Office Space
Databricks has appointed Simon Davies as SVP and GM for Asia Pacific & Japan, based in Singapore, and revealed plans to quadruple its Singapore headquarters footprint at IOI Central Boulevard Towers later this year.
Singapore Launches First Physical AI Testbed at Punggol Digital District
IMDA, JTC, and SIT are launching a large-scale robotics testbed at Punggol Digital District, with Certis, DHL, Grab, and QuikBot trialling AI-powered services alongside human operations.
Temasek-Backed Temus Launches AI Foundry, Plans to Hire 50 Specialists
Temus, the digital transformation firm established by Temasek, announced plans to launch an AI Foundry focusing on enterprise deployment and talent development across financial services and healthcare.
NVIDIA Opens Singapore Research Hub Focused on Embodied AI and Robotics
NVIDIA unveiled its first Singapore research laboratory at ATxSummit 2026, targeting embodied AI and infrastructure efficiency, while Singapore launched a physical AI testbed at Punggol Digital District.
OpenAI Commits S$300M to Singapore, Launches First Overseas AI Lab
At ATxSummit 2026, OpenAI announced a S$300 million investment in Singapore's AI ecosystem and the establishment of its first applied AI lab outside the US, while Google expanded its national AI partnership.
MAS Partners Banks and Police to Deploy AI Against Financial Scams
The Monetary Authority of Singapore launched a proof-of-value exercise with five banks, GovTech, and the Singapore Police Force to use AI and machine learning for pre-emptive scam detection.