As artificial intelligence (AI) evolves, governments must invest more in preparing their workers and cannot leave it to the market, said Prime Minister Lawrence Wong.
Asia-Pacific Economic Cooperation (Apec) economies can lead these efforts by reskilling and upskilling workers, redesigning jobs, and building trust in AI, so they are not caught on the backfoot, PM Wong said on Nov 1.
“By doing so, we can ensure that the returns from AI investments will accrue not just to the owners of capital, but also to workers, and importantly to all our people,” he said to leaders of the 21 economies around the Pacific Rim which make up the grouping.
Singapore’s focus is on the application and use of AI, he said.
As a small, compact and digitally connected city state, it cannot on its own develop leading-edge AI foundation models. But it can use them to develop and make applications with the “biggest impact” in areas like finance, logistics, healthcare and advanced manufacturing, PM Wong said.
Singapore cannot do this work alone, and is keen to cooperate and exchange best practices with other Apec economies, he added.
In a session themed Preparing For A Future-ready Asia-Pacific, PM Wong said that AI will drive the next wave of growth.
“It will uplift productivity, and transform the way we work and live,” he added, as he laid out ways to spearhead cooperation in harnessing the technology.
AI is already transforming industries in Singapore, he said on the second day of the Apec Economic Leaders’ Meeting, the highest-level meeting at the annual summit which ran from Oct 31 to Nov 1 in Gyeongju, South Korea.
“Singapore looks forward to working with Apec economies to ensure that our societies benefit from AI,” PM Lawrence Wong said






