Firms cannot afford to take a stance in the global marketplace if they require Artificial Intelligence tools to deliver the capabilities they seek.
Geographical diversity is essential for developing AI tools that can be effectively deployed globally, according to Andrea Phua, Senior Director of the national AI group and Director of the Digital Economy Office at Singapore’s Ministry of Development, Innovation and Enterprise.
When questioned about whether Singapore should maintain its impartial stance on AI chip exports amidst escalating tensions, Phua suggested that it could be more beneficial to leverage the capabilities of companies based in diverse global markets, which could help satisfy key AI requirements and enhance overall effectiveness.
During a panel discussion at Fortune’s AI Brainstorm event in Singapore, she highlighted the significance of combining disparate metrics, showcasing their potential for powerful insights.
Singapore collaborates with numerous nations on AI initiatives, including those with the Digital Forum of Small States, as well as with countries such as Malaysia, Australia, and New Zealand.
“We leverage these platforms to engage in informed debates about governing AI effectively, identify the necessary infrastructure capabilities, and learn from each other’s experiences.” These multilateral discussions are instrumental in shaping outcomes that impact various aspects of the world, enabling local and regional stakeholders to apply knowledge more effectively.
Singapore engages in intense discussions with China regarding AI governance and insurance policies, actively collaborating to advance their understanding of these critical issues.
Phua emphasized that investing in international partnerships is crucial because it broadens our understanding of the stakes involved, and having allies to guide us can significantly enhance the outcome.
As the use of generative artificial intelligence (AI) continues to grow, it’s increasingly likely to have a significant impact on cyberattacks.
According to a report released by the Cyber Security Association (CSA) this week, in Singapore, 13% of analyzed phishing emails from last year were found to contain AI-generated content.
The federal government agency responsible for the nation’s cybersecurity operations reported a significant decline in phishing attempts to the Singapore Cyber Emergency Response Team (SingCERT), with only 4,100 incidents logged last year, a 52% decrease from the 8,500 reported previously. The 2023 determination still surpasses the 2021 figure by a significant 30%, as reported by CSA.
Despite bucking a global trend of significant growth, this decline was attributed to the proliferation of generative AI chatbots, such as ChatGPT, which have enabled the mass production of sophisticated phishing content.
Cybersecurity experts warn of a surge in sophisticated phishing attacks, including those leveraged by artificial intelligence that can craft personalized, multimedia-rich messages mimicking the victim’s acquaintances or trusted authorities, potentially incorporating deepfake audio components.
The advent of generative artificial intelligence (Gen AI) has unleashed a plethora of novel cyber threats. As artificial intelligence becomes increasingly sophisticated and accessible, malicious actors are likely to become more adept at exploiting its vulnerabilities, warned CSA’s chief executive and Commissioner of Cybersecurity David Koh.
“As it stands, AI already presents a significant challenge to governments worldwide, with cybersecurity experts aware that we’re only just beginning to explore the vast potential of general AI – both for legitimate and malicious applications,” Koh said. Experts warn that AI-generated content, including videos and memes, has been exploited to spread misinformation, fuel division, and influence election outcomes.
At the same time, new opportunities arise for harnessing AI to bolster cyber resilience and protection, he noted. Notably, the expertise has consistently demonstrated its capacity to identify anomalous behavioral patterns and process vast amounts of knowledge logs and threat intelligence with distinction.
According to Koh, this innovation has the potential to enhance incident response capabilities, enabling a more swift and precise response to cyber threats while simultaneously alleviating the burden on our analysts.
The Singaporean authorities are actively involved in a multitude of initiatives aimed at ensuring that.
