Asia spurs transparency and digital economy growth

In recent years, Asian countries have stepped up efforts to support the rapid growth of their digital economies. These include measures to equip businesses with the necessary tools and infrastructure to use emerging technologies, such as AI, and support innovation and foster global confidence in them. "We have a belief that being an innovative regulator is not an oxymoron," says Lew Chuen Hong, chief executive of Singapore's Infocomm Media Development Authority (IMDA). "And the real role of the regulator is to build the foundations for trust, so that businesses, governments, and consumers have the trust to innovate and co-create in the digital domain." As AI fast becomes ubiquitous in day-to-day activities, calls for more robust governance to ensure AI systems are fair, transparent, and safe are increasing.