Marvelstone unveils plans for new AI hub in Singapore

Marvelstone Group, the private investment firm behind Singapore-based fintech hub LATTICE80, has revealed plans to launch its first artificial intelligence (AI) hub in Singapore's central business district in 2018. This is in a bid to position Singapore as a global leader in AI technologies, which is anticipated to be a main growth engine of the future economy. Marvelstone's AI hub is also aligned with the government's Smart Nation vision. According to the press statement, in Singapore, many ideas in the area of AI are still research focused. Hence, there is a need for an incubator such as Marvelstone to bridge the gap to commercialise them for future use by companies and the government.