SINGAPORE, Oct 21 — Singapore announced a commitment of more than S$45 million (S$1=RM3.19) over the next three years to accelerate artificial intelligence (AI) adoption in the manufacturing sector.
In a statement, Enterprise Singapore (EnterpriseSG) said the fund will support the newly launched Catalytic AI Solutions, a new initiative to support small and medium enterprises (SMEs) to deploy enterprise-level AI solutions.
It said the initiative for advanced manufacturing will help SMEs tackle key operational challenges and strengthen manufacturing production workflows.
“While many SMEs recognise the potential of AI, adopting it can be challenging due to the cost of development, limited access to sector-specific solutions and uncertainty over outcomes.
