Singapore invites China to test artificial intelligence solutions

NANJING: China has been invited to test its artificial intelligence (AI) solutions in Singapore and work together to help the region tackle everyday problems in areas such as healthcare and banking. Minister for Finance Heng Swee Keat made this invitation at the first Sino-Singapore Artificial Intelligence Forum in Nanjing on Friday (Jun 1), which was attended by about 350 AI experts from both countries. During his speech, which was partly delivered in Chinese, Mr Heng said that there was big potential for both countries to develop AI. "For example, the Monetary Authority of Singapore has a financial technology (Fintech) sandbox for companies to develop new financial solutions before launching them in the market," said Mr Heng, who is also in China for a series of meetings. Sandboxes are platforms that allow software to be securely tested in an environment where legal and regulatory requirements are relaxed. The Land Transport Authority is also testing driverless vehicle systems in such sandboxes in Singapore, Mr Heng said.