Artificial intelligence (AI) is a topic of growing concern and discussion worldwide. Governments and tech leaders are grappling with questions about the risks and regulation of this transformative technology. However, according to a CNBC report published earlier today, Singapore is taking a unique approach, opting for a wait-and-see strategy instead of immediate regulation.
Lee Wan Sie, Director for Trusted AI and Data at Singapore’s Infocomm Media Development Authority (IMDA), recently stated that Singapore is not currently looking to regulate AI. Instead, the government promotes responsible AI use and collaborates with industry stakeholders to develop effective governance measures.
One such initiative is AI Verify, the world’s first AI testing toolkit. This toolkit enables users to conduct technical tests on their AI models and document the process checks. Launched as a pilot project in 2022, AI Verify has already attracted participation from major companies like IBM and Singapore Airlines.
While the global community has called for AI regulation, Singapore’s approach is centered on learning from industry practices before deciding on regulatory measures. Lee emphasized the importance of collaboration with the industry, research organizations, and other governments in shaping effective AI governance policies.
The collaborative nature of Singapore’s approach has been widely praised. Haniyeh Mahmoudian, an AI ethicist at DataRobot and advisory member of the U.S. National AI Advisory Committee, commended Singapore’s efforts, stating that the collaboration between policymakers and businesses benefits both sides. Policymakers gain valuable insights into real-world AI applications by involving industry experts in developing AI toolkits and standards.
Tech giants like Google, Microsoft, and IBM have joined the AI Verify Foundation, a global open-source community dedicated to discussing AI standards, best practices, and governance. Microsoft President and Vice Chair Brad Smith applauded Singapore’s leadership in AI governance, acknowledging the value of practical resources like the AI governance testing framework and toolkit.
Singapore’s Minister for Communications and Information, Josephine Teo, emphasized the importance of a collaborative approach. While acknowledging the potential risks associated with AI, she stressed that the government alone cannot promote ethical AI use. Minister Teo urged the private sector to actively participate, leveraging their expertise to achieve shared goals.