AI ADOPTION

Oct 31 2024BUSINESS

Singapore's Digital Growth: The Role of SMBs and AI

Singapore's digital economy is thriving, with a whopping 17. 7% share of the country's GDP. Small and midsize businesses (SMBs) and artificial intelligence (AI) are the powerhouses driving this growth. Last year, the digital economy contributed SG$113 billion ($85. 31 billion) to Singapore's GDP, which is about SG$1 out of every SG$6. This growth is impressive, as it...

reading time about 1 minute
Sep 15 2024TECHNOLOGY

Gen AI: The Double-Edged Sword of Innovation and Risk

As the world becomes increasingly reliant on artificial intelligence, the debate around generative AI (Gen AI) continues to rage on. On one hand, organizations are eager to jump on the Gen AI bandwagon, driven by the promise of innovation, competitive advantage, and revenue growth. On the other hand, the risks associated with Gen AI are undeniable, from data quality ...

reading time about 2 minutes
Sep 06 2024TECHNOLOGY

One Million and Counting: Is OpenAI's Business AI Boom Sustainable?

OpenAI, the company behind ChatGPT, has reached one million paying business users across its ChatGPT Enterprise, Team, and Edu offerings, up from 600,000 in April. This growth is impressive but raises questions about sustainability and implications for businesses and society. While the free version of ChatGPT has 200 million users, it's unclear if paid features are ...

reading time less than a minute