SINGAPORE: Singapore is seeking the “best of both worlds” in AI governance, with regulations that are neither too tight nor so loose that industry players “run wild”, said Deputy Prime Minister Gan Kim Yong on Thursday (Apr 16).
He was speaking at a fireside chat at the Semafor World Economy conference in Washington DC, during a six-day visit to the United States, in which Semafor senior editor Clay Chandler asked Mr Gan about Singapore’s approach to AI governance.
Mr Chandler noted that in the United States, the prevailing approach appears to be that AI “shouldn’t be supervised at all, and there are no regulations whatsoever”. In contrast, Europe has taken a more cautious stance, focusing on privacy and human rights, while China adopts an “industrial policy kind of focus” in regulating AI.
Mr Gan said that a key lesson from past crises such as COVID-19, the Ukraine-Russia war and the ongoing tensions in the Middle East is that trust is “very important”.
