News
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Acrab Raises $350M to Build Agentic AI Compute Infrastructure in Singapore
Acrab, a Singapore-headquartered startup building the hardware and software stack for agentic AI, has raised over US$350 million in cumulative financing. Backed by Temasek-linked Vertex, the company is developing dedicated AI silicon and a full-stack compute architecture designed for edge-based agentic workloads.
AI Is Splitting the Global Job Market in Two, PwC Study Finds
Companies using artificial intelligence to amplify human skills are pulling decisively ahead of those using it primarily to cut costs, according to PwC’s 2026 AI Jobs Barometer. The study of over a billion job postings across 27 countries reveals a sharp divergence: firms pursuing AI for.
China’s Cheaper AI Models Offer a Double-Edged Sword for Singapore Businesses
The cost gap between Chinese and Western AI models is opening a strategic dilemma for Singaporean businesses. Chinese providers like MiniMax and DeepSeek charge US$2 to US$3 per million output tokens — roughly one-tenth the price of OpenAI’s GPT 5.5 at US$30 — making them highly.
Singapore Public Sector Pays 107% Premium for AI Talent as Job Ads Hit 84,000
Singapore's public sector is offering wage premiums of up to 107% for artificial intelligence roles, the highest across any industry in the country, according to PwC's 2026 Global AI Jobs Barometer. The report, released Monday and based on 1.6 million job postings analysed over the past.
Microsoft's 2026 Work Trend Index: Singapore Workforce Leads in AI Adoption
Microsoft's 2026 Work Trend Index finds Singapore employees among the world's most active AI users at work, with 49% of Copilot conversations involving cognitive work — but warns that individual productivity gains are outpacing the organisational redesign needed to capture lasting value.
Singapore Insurers Turn to AI as Medical Inflation Hits Record 16.9%
Singapore insurers are turning to artificial intelligence as medical inflation drives claims costs to record levels, with industry leaders warning that the old playbook of charging higher premiums is no longer enough.
It's a Two-Horse Race for the AI Crown — Where Does That Leave Singapore?
The artificial intelligence race is and will remain a contest between two superpowers — the United States and China — and Singapore's best move isn't trying to compete on their terms, argues economist Linda Lim in a sharp Straits Times opinion piece.
Anthropic Disables Top-Tier AI Models After US National Security Order
The United States government has ordered Anthropic to disable its most advanced AI models — Fable 5 and Mythos 5 — for all foreign nationals, marking a dramatic escalation in how Washington controls frontier AI technology.
PatSnap Files for Dual Hong Kong–Singapore IPO Targeting US$400M
PatSnap, the Singapore-based AI-powered intellectual property analytics unicorn, has confidentially filed for a dual initial public offering on the Hong Kong Stock Exchange and the Singapore Exchange, targeting between US$300 million and US$400 million at a valuation north of US$2 billion.
Banks Are Fighting Over a Job That Didn't Exist a Year Ago: Chief AI Officer
A role that was barely on organisational charts a year ago has become the most contested position in global banking. The share of financial institutions with a Chief AI Officer has surged from 26 per cent in 2025 to 76 per cent in 2026, according to an IBM Institute for Business Value.
Young Adults Under 35 Show Lowest AI Adoption Rates in Singapore
A new survey from AsiaOne has uncovered a surprising dynamic in Singapore's AI landscape: adults under 35 report the lowest adoption rates of generative AI tools and the most negative views of AI's impact on society.
Cheaper Chinese AI Models Give Asian Businesses a Cost Break With Strings Attached
Chinese AI models are dramatically undercutting their US rivals on price — MiniMax and Moonshot charge roughly US$2 to US$3 per million output tokens, compared with US$30 for OpenAI's GPT 5.5 and US$15 for Anthropic's Claude 4.5 — but the discount comes with trade-offs that Asian.