Part 10/11:
In the realm of green technology, Singapore is committing over $1 billion to AI development over the next five years, aiming to elevate industry standards and attract talent. Hypotenuse AI and Penguin International exemplify local innovation—hypotenuse AI leverages AI to automate marketing content, expanding in global markets, while Penguin is pioneering electric ferries and solar-powered shipyards to reduce emissions.
Green financing also receives a boost, with more Green Loans available, powered by the upcoming $5 billion Future Energy Fund. This fund aims to support low-carbon solutions such as green hydrogen, ammonia, and small modular nuclear reactors, boosting Singapore’s sustainability credentials and climate goals.