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The Monetary Authority of Singapore (MAS) has pledged an additional S$100 million to assist financial institutions in developing quantum and artificial intelligence (AI) technologies. This funding will cover expenses related to workforce training and implementing technology solutions in these cutting-edge fields.
The initiative aims to bolster the financial sector's competitiveness by enhancing its capabilities in quantum computing and AI, which are increasingly crucial in today's digital economy. By investing in these advanced technologies, MAS is positioning Singapore as a leader in innovative financial services and paving the way for future growth and development.
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